ECON 3430 Lecture Notes - Lecture 14: European System Of Central Banks, Federal Funds Rate, Open Market Operation
10 Feb 2017
School
Department
Course
Professor
15
ECON 3430 Full Course Notes
Verified Note
15 documents
Document Summary
The governor (who is also the chief executive officer and chairman of the. Increase the durability of bank notes: funds management, as the federal go(cid:448)er(cid:374)(cid:373)e(cid:374)t"s fis(cid:272)al age(cid:374)t, the ba(cid:374)k, advising on borrowings, managing new debt offerings servicing outstanding debt. Ma(cid:374)ages the go(cid:448)er(cid:374)(cid:373)e(cid:374)t"s foreig(cid:374) e(cid:454)(cid:272)ha(cid:374)ge reser(cid:448)es held (cid:271)(cid:455) the exchange. Engages in international financial transactions to influence exchange rates: financial system, as ca(cid:374)ada"s (cid:272)e(cid:374)tral (cid:271)a(cid:374)k, the ba(cid:374)k of ca(cid:374)ada: Serves as the lender of last resort if a bank faces a liquidity crisis (thereby preventing bank runs and panics: has power to create base money. Has explicit responsibility for the regulatory oversight of the national payments system, operated by the cpa. Acts as the holder of deposit accounts for: the federal government the directly clearing members of the cpa international organizations such as the imf: other central banks. Monetary policy: the bank employs such tools as:
