Techniques of Monetary ControlA study of the scope and method of central banking in the framework of the contemporary monetary system of the US. The book is a series of essays, each concerned with individual techniques of monetary continue. |
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Page 40
... financial institutions , those not subject to the requirements would be placed at a distinct competitive advantage in that they would remain free to switch at will out of Government securities into private debt.10 Moreover , to the ...
... financial institutions , those not subject to the requirements would be placed at a distinct competitive advantage in that they would remain free to switch at will out of Government securities into private debt.10 Moreover , to the ...
Page 123
... bank- ing to require the same set of controls . As noted , the " one very important difference " which Goldsmith identifies has been gen- erally used not only as the basis for defining private financial enterprises other than commercial ...
... bank- ing to require the same set of controls . As noted , the " one very important difference " which Goldsmith identifies has been gen- erally used not only as the basis for defining private financial enterprises other than commercial ...
Page 126
... financial institutions whose deposit liabilities were widely accepted as means of payment would be engaged in ad- ministration of the payments mechanism . Operating , however , under such a rule , the private financial institutions ...
... financial institutions whose deposit liabilities were widely accepted as means of payment would be engaged in ad- ministration of the payments mechanism . Operating , however , under such a rule , the private financial institutions ...
Contents
OpenMarket Operations Versus | 19 |
Supplementary SecurityReserve | 33 |
BillsOnly Doctrine | 53 |
Copyright | |
5 other sections not shown
Common terms and phrases
86th Congress activity argument Bank of England bank reserves bank's bills-only Board of Governors borrowing cent central bank central-bank control commercial banks commercial-bank time deposits demand deposits direct central-bank discount rate doctrine earning assets effect expansionary Federal Reserve Bank Federal Reserve System financial intermediaries Government debt Government securities market higher reserve requirements Ibid increase instruments interest rates interest-rate lending liquidity loanable funds loans long-term markets long-term rates long-term sector market operations maturity sectors means of payment member banks ment mercial banks monetary authority monetary control monetary system moral suasion Open Market Committee open-market operations payment on demand penalty rate private credit private financial institutions quirements ratio recession rediscount facility reduce Reserve's restrictive monetary policy savings banks short-term rates short-term sector structure of interest supplementary requirements supplementary security-reserve requirements techniques of monetary time-deposit operations tion total deposits Treasury U. S. Government Printing United States Congress velocity volume York