PPT-Topic 13: Central Banks and the Federal Reserve System

Main Reading Sources Chap 9 Mishkin amp Eakins 8 th Chapter Preview We examine the role of government authorities over the money supply We focus primarily on the role of the US Federal Reserve System but also examine similar organizations in other nations Topics include. Peter Stella. Advisor. Monetary and Capital Markets Department. International Monetary Fund. Swiss National Bank, Zurich, . September . 30, . 2009. The views in this presentation are the author’s and do not represent those of the IMF, its Management or Executive Board. Supervise a nation’s money supply and payments system.. Act as the chief regulator of the nation’s financial institutions. Be “lender of last resort” when financial system has liquidity problems.. A History and Analysis. Caldwell Zimmerman. Matthew Bowler. “Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”. History of the Federal Reserve System. Presented by S. Cox. Objectives. Describe the first two central banks in the US. Explore the problems caused by the lack of a central bank. Explain how the Federal Reserve System solved the nation’s financial problems. Chapter 4. Federal Reserve. Central bank of US. Founded by Congress under Federal Reserve Act, 1913. Independent . Decisions do not have to be ratified by President or any executive branch of US govt.. 30. Previously. Fiscal policy:. U. se of government spending [G] and taxes to influence the economy. I. ncreases in [G] and tax cuts are paid for by borrowing. Fiscal policy is not . perfect because of lags, crowding out, and savings adjustments.. Taroyan. Margarita. IE-11(E). Main points . History of the monetary system. Importance and value of the dollar. Bank regulation in the United . States. Monetary policy. International debt. Supervise a nation’s money supply and payments system.. Act as the chief regulator of the nation’s financial institutions. Be “lender of last resort” when financial system has liquidity problems.. The opinions expressed are solely those of the presenters and do not reflect the opinions of the Federal Reserve Bank of Dallas or the Federal Reserve System. . A History of Financial Panics. Financial panics are a part of United States history. The opinions expressed are solely those of the presenters and do not reflect the opinions of the Federal Reserve Bank of Dallas or the Federal Reserve System. . A History of Financial Panics. Financial panics are a part of United States history. The Fed’s Toolbox. Slide 1: Vocabulary. Bank . reserves – . The sum of cash that banks hold in their vaults and the deposits they maintain with Federal Reserve Banks.. Required reserves . –. . 23 April 2015. A CENTURY of The federal reserve. :. success or failure?. Lawrence H. White. George Mason U.. 00:50. Why . was the federal reserve established?. Daily Show, 18 Sept. 2007. “Many people are free-market capitalists, and they always talk about free-market capitalism, and that is our economic theory. So why do we have a Fed? Is the free market – wouldn’t the market take care of interest rates and all that?”. Foundation for Teaching Economics 23 April 2015 A CENTURY of The federal reserve : success or failure? Lawrence H. White George Mason U. 00:50 Why was the federal reserve established? Daily Show, 18 Sept. 2007 Click on the letter choices to test your understanding. Question 1. The . s. tructure of the Federal Reserve includes: . Correct!. The Federal Reserve . is . comprised of a Board of Governors located in Washington, .