Search result

Abstract: The role of money in national economic policy - The federal reserve's modus operandi - Tactis and targets of monetary policy - A neo-keynesian view of monetary policy - Some rules for the conduct of monetary policy.

Abstract: The need for a foreign exchange market - Organization of the market - The market for individual currencies - The instruments of the market - Exchange rates in the New York market - The mechanics and techniques of exchange trading - The federal reserve system and the market - Foward exchange - The relationship of the spot and forward rates.

Abstract: Discount policies and techniques - Open market operations - Commercial bank cash reserve requirements - Commercial bank liquidity ratios - Selective and direct credit controls - The Development of money markets.

Abstract: This monograph is one of a series published by the Federal Reserve Bank of New York in order to furnish the student of money and banking with Information, not readily available elsewhere, concerning monetary policies, institutions, and techniques. The present booklet discusses thè behavior of deposit velocity, over the business cycle and over longer periods, with emphasis on the institutional and structural forces determining this behavior. Further discussion of the underlying statisti ...; [Read more...] This monograph is one of a series published by the Federal Reserve Bank of New York in order to furnish the student of money and banking with Information, not readily available elsewhere, concerning monetary policies, institutions, and techniques. The present booklet discusses thè behavior of deposit velocity, over the business cycle and over longer periods, with emphasis on the institutional and structural forces determining this behavior. Further discussion of the underlying statistica! series and of some related subjects may be found in Mr. Garvy’s Debits and Clearings Statistics and Their Use, a revised edition of which was published by the Board of Governors of the Federal Reserve System earlier this year. The flow of funds through the economy reflects the rate of turnover of the money supply as well as the size of thè money supply itself. An understanding of the institutional practices and policies which influence the turnover of money is essential to an informed interpretation of the changing credit situation and to an understanding of the monetary framework in which credit policy operates. We are hopeful that this booklet will contribute to such understanding.