Monetary Control |
From inside the book
Results 1-3 of 7
Page 6
... eligible liabilities , on a daily basis , in reserve assets . Reserve assets consist essentially of balances at the Bank of England , securities which the Bank is customarily prepared to buy in its open market operations , or money at ...
... eligible liabilities , on a daily basis , in reserve assets . Reserve assets consist essentially of balances at the Bank of England , securities which the Bank is customarily prepared to buy in its open market operations , or money at ...
Page 16
... eligible liabilities on average over each banking month . Apart from this small element of flexibility , the net cash transfer to the Bank has to be financed through the Bank's money market oper- ations which are mainly conducted ...
... eligible liabilities on average over each banking month . Apart from this small element of flexibility , the net cash transfer to the Bank has to be financed through the Bank's money market oper- ations which are mainly conducted ...
Page 17
... eligible for rediscount at the Bank ; ( f ) commercial bills eligible for rediscount at the Bank ( to a maximum of 2 per cent of eligible liabilities ) . This definition of reserve assets adopted in 1971 reflected the Bank's view that ...
... eligible for rediscount at the Bank ; ( f ) commercial bills eligible for rediscount at the Bank ( to a maximum of 2 per cent of eligible liabilities ) . This definition of reserve assets adopted in 1971 reflected the Bank's view that ...
Common terms and phrases
achieve Annex authorities balance sheet bank lending Bank of England Bank's lending rate banking system base control system base money bill leak call for Special cash requirement cent Certificate of Deposit changes in interest Chapter control the base controlled institutions discount houses discount market divergence effect eligible liabilities expectations financial system fluctuations forecast forms of disintermediation funds Government growth of M3 individual banks inter-bank interest rate changes last resort facilities London Clearing Banks mandatory requirement market rates Minimum Lending Rate monetary base control monetary conditions monetary control monetary growth monetary policy monetary target money stock money supply open market operations operative rate penalties period present primary liquidity private sector problems PSBR rate of growth required to hold Reserve Assets Ratio seasonally adjusted short run short term interest short term securities significant Special Deposits scheme SSD scheme term interest rates term monetary Treasury Bills trend United Kingdom