Recent Significant Developments In The Open Market Policy Of The Federal Reserve System

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 47,6 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965

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The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Author : Edward Clark Harter
Publisher : Unknown
Page : 130 pages
File Size : 45,9 Mb
Release : 1940
Category : Electronic
ISBN : UIUC:30112059660768

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Recent Significant Developments in the Open-market Policy of the Federal Reserve System by Edward Clark Harter Pdf

Author : S. H. Axilrod
Publisher : Oxford University Press on Demand
Page : 156 pages
File Size : 52,5 Mb
Release : 2013-06-06
Category : Business & Economics
ISBN : 9780199934485

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The Federal Reserve by S. H. Axilrod Pdf

Discusses the legal basis for the Federal Reserve and the powers the institution can carry out, highlights key events in U.S. postwar financial history, and explains how monetary policy is tied to the political and social scenes.

Author : United States. Federal Open Market Committee
Publisher : Unknown
Page : 896 pages
File Size : 49,9 Mb
Release : 1959
Category : Federal Reserve banks
ISBN : UCBK:C005994486

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Minutes of the Federal Open Market Committee and Its Executive Committee by United States. Federal Open Market Committee Pdf

Author : Donald D. Hester
Publisher : Springer Science & Business Media
Page : 205 pages
File Size : 46,6 Mb
Release : 2008-03-30
Category : Business & Economics
ISBN : 9783540777946

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The Evolution of Monetary Policy and Banking in the US by Donald D. Hester Pdf

A concise analysis of the evolution of monetary policy and banking institutions over the past sixty years that stresses the dynamic interactions between the Federal Reserve and banking institutions that resulted from financial market innovations. Institutions were influenced by increasing competition in markets and monetary policies. The book consists of two parts, which are organized chronologically. The first has chapters that correspond with terms of chairmen of the Federal Reserve Board. It critically analyzes decisions taken by the Federal Open Market Committee in each period and argues that innovations forced changes in the design and conduct of monetary policy. The second part analyzes how banking institutions evolved from a very conservative and regulated system in 1945 to highly inventive financial firms and how this evolution has affected the distribution of credit, wealth, and income in the US.

Author : Weir B Brown
Publisher : Routledge
Page : 148 pages
File Size : 40,7 Mb
Release : 2019-08-26
Category : Political Science
ISBN : 9780429713002

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Keeping The Central Bank Central by Weir B Brown Pdf

In the period just before and after the founding of the Federal Reserve System in 1913, bankers, economists, and legislators were intensely absorbed in discussing how to assure a proper functional relationship between the future central bank and the commercial banking system. During the sixty-odd years that followed, many changes have occurred to affect one side or the other of the Federal Reserve-banking system relationship. Much less attention has been devoted, however, to the current state of the relationship between the banking system and the Federal Reserve in regard to the conduct of national monetary policy. It is to this area-in the fundamentally important field of macroeconomic policy-that this book is addressed. The field is large, and the Federal Reserve Board shares responsibility with other important economic decision-makers for guiding the course of the economy. The book does not undertake to cover the whole subject of macroeconomic policy. What it does seek to examine are two areas that stand squarely at the common border where Fed monetary control meets the banking system.

Author : Board of Governors of the Federal Reserve System (U.S.)
Publisher : Unknown
Page : 234 pages
File Size : 40,6 Mb
Release : 1971
Category : Monetary policy
ISBN : STANFORD:20500480433

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Open Market Policies and Operating Procedures by Board of Governors of the Federal Reserve System (U.S.) Pdf

Author : Carl H. Moore
Publisher : Unknown
Page : 288 pages
File Size : 48,8 Mb
Release : 1990
Category : Business & Economics
ISBN : STANFORD:36105035109904

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The Federal Reserve System by Carl H. Moore Pdf

For more than 100 years since its inception, the United States struggled through a variety of financial problems, crises, and would-be solutions to the problems of currency, credit and financial stability. On December 23, 1913, Woodrow Wilson signed into law the Federal Reserve Act, creating a monster patterned after the central banks of Europe yet still uniquely American. Throughout the years, this system has served the nation well. This is the first complete discussion of the workings of the system to date--the early history, organization, leadership, evolution and development, and major figures. Appendices include the original Federal Act (not readily available elsewhere) and numerous reference tables covering 1914-1989.

Author : Donald R. Wells
Publisher : McFarland
Page : 224 pages
File Size : 47,5 Mb
Release : 2017-01-27
Category : Political Science
ISBN : 9780786482191

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The Federal Reserve System by Donald R. Wells Pdf

The Federal Reserve banking system was created in 1913 in an effort to bring coherence to nationwide banking practices and prevent crises like the financial panic of 1907. Since it began operating in 1914, the Federal Reserve has played a crucial role in determining American financial policy and practice. It is largely an entity unto itself, operating independently, rarely subject to the political machinations of Congress or the presidency. Yet few Americans know how it works, and even fewer know anything of its history. This history of the Federal Reserve begins by giving an overview of American banking practices before the Federal Reserve's formation. The events leading to the Reserve's creation, and its early trials and tribulations, are then documented. Subsequent chapters track the Federal Reserve's history: its role during times of financial and military crisis, its relationship to each presidential administration, and the Fed's evolution as its leadership has changed over the years. The history wraps up with the Alan Greenspan era, explaining major changes in the institution's operating procedures since the 1980s. An appendix lists all members of the Federal Reserve Board of Governors, from its formation until 2003.

Author : Ann-Marie Meulendyke
Publisher : Unknown
Page : 14 pages
File Size : 42,9 Mb
Release : 1988
Category : Monetary policy
ISBN : UCSD:31822005099940

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Open Market Operations as a Policy Tool in the United States by Ann-Marie Meulendyke Pdf

Reviews the current monetary goals and tools used in the U.S., advantage of the open market operations ...

Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 50,7 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950

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The Great Inflation by Michael D. Bordo,Athanasios Orphanides Pdf

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Author : Lawrence J. Gitman,Carl Mcdaniel,Amit Shah
Publisher : Unknown
Page : 0 pages
File Size : 51,7 Mb
Release : 2023-05-19
Category : Electronic
ISBN : 1998109313

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Introduction to Business by Lawrence J. Gitman,Carl Mcdaniel,Amit Shah Pdf

Author : Great Britain: H.M. Treasury
Publisher : The Stationery Office
Page : 66 pages
File Size : 46,7 Mb
Release : 2013-03-20
Category : Business & Economics
ISBN : 0101858825

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Review of the Monetary Policy Framework by Great Britain: H.M. Treasury Pdf

This paper reviews the performance of the UK's flexible inflation targeting framework against the internationally-accepted monetary policy objective of price stability, a pre-requisite to longer-term growth and macroeconomic stability. Chapters cover the historical and international context, monetary policy frameworks and monetary policy instruments. The paper gives the Monetary Policy Committee's revised remit at Budget 2013. The Government has retained a flexible inflation target framework. The inflation target of 2 per cent, as measured by the 12-month increase in the Consumer Prices Index, is re-affirmed. The remit has been updated to clarify the trade-offs that are involved in setting monetary policy to meet a forward-looking inflation target, and in forming and communicating its judgements the MPC should promote understanding of these trade-offs. The remit continues to require an exchange of open letters between the Governor of the Bank of England and the Chancellor of the Exchequer if inflation moves away from the target by more than 1 percentage point in either direction. The open letter from the Governor should now be sent alongside the minutes of the MPC meeting that followed the publication of the CPI data. The remit requests that the MPC provides in its August 2013 inflation report an assessment of the merits of using intermediate thresholds - policy commitments conditional on future economic developments. The remit also reflects the Government's intention that the frameworks for monetary policy and macro-prudential policy, operated by the MPC and FPC of the Bank of England respectively, should be coordinated.

Author : Caroline Mutuku
Publisher : GRIN Verlag
Page : 6 pages
File Size : 48,6 Mb
Release : 2018-07-10
Category : Business & Economics
ISBN : 9783668746473

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Inefficiency of Monetary Policies in the U.S and U.K to Address Recent Financial Developments by Caroline Mutuku Pdf

Essay from the year 2018 in the subject Economics - Finance, grade: 1.6, , language: English, abstract: Monetary policy refers to operations of regulatory authorities or central banks aimed at formulating the size as well as the rate of growth of the money supply. Usually, each country establishes a statutory financial institution with legal mandates to develop monetary policy as well as formulating appropriate monetary implementation strategies. The major role of any monetary authority is to control the country’s money supply. The country’s monetary authority is in charge of promoting economic growth and stability. As such, it deals with interest rates matters with the principal objective of establishing stable commodity prices as well as maintaining low rates of unemployment. However, it is important to note that monetary policy is different from the fiscal policy. Monetary policy controls the country’s supply of money whereas fiscal policy deals with taxation, money borrowing as well as government expenditure .

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 28 pages
File Size : 42,6 Mb
Release : 1988-10-04
Category : Business & Economics
ISBN : 9781451952575

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Monetary Policy Strategies by International Monetary Fund Pdf

The paper considers the merits of rules and discretion for monetary policy when the structure of the macroeconomic model and the probability distributions of disturbances are not well defined. It is argued that when it is costly to delay policy reactions to seldom-experienced shocks until formal algorithmic learning has been accomplished, and when time consistency problems are significant, a mixed strategy that combines a simple verifiable rule with discretion is attractive. The paper also discusses mechanisms for mitigating credibility problems and emphasizes that arguments against various types of simple rules lose their force under a mixed strategy.