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 23
... quirements reduces to zero the rate of return on a certain pro- portion of commercial banks ' assets that have hitherto yielded a positive rate of return . In other words , the higher reserve re- quirements reduce not only the total ...
... quirements reduces to zero the rate of return on a certain pro- portion of commercial banks ' assets that have hitherto yielded a positive rate of return . In other words , the higher reserve re- quirements reduce not only the total ...
Page 28
... quirements and performing open - market purchases . Hence , we now turn to the case of expansionary measures . A reduction of reserve requirements augments immediately and simultaneously the lending capacity of all member banks . In ...
... quirements and performing open - market purchases . Hence , we now turn to the case of expansionary measures . A reduction of reserve requirements augments immediately and simultaneously the lending capacity of all member banks . In ...
Page 156
... quirements ) , excess , 12 Cash - reserve requirements ( see also Cash reserve ; Reserve re- quirements ; and Security - reserve requirements ) , 34 ; table , 22 : fractional , 9 as instrument of central banking , 2 vs. open - market ...
... quirements ) , excess , 12 Cash - reserve requirements ( see also Cash reserve ; Reserve re- quirements ; and Security - reserve requirements ) , 34 ; table , 22 : fractional , 9 as instrument of central banking , 2 vs. open - market ...
Contents
OpenMarket Operations Versus | 19 |
Supplementary SecurityReserve | 33 |
BillsOnly Doctrine | 53 |
Copyright | |
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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