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. Currency held by banks in their vaults plus their deposits at Federal Reserve Banks.. Required . reserves: . Funds that a depository institution must hold in reserve against specified deposits as vault cash or deposits with Federal Reserve Banks. . McGraw-Hill/Irwin. Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.. Money is anything that is generally acceptable in exchange for goods, services, economic resources, or for the settlement of debts. 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. Atiur. Rahman. Professor, Department of Development Studies. Dhaka University. Nudging the banks beyond short-termism to serve goals of sustainable development. In developing countries financing is generally-. : What is money (what is the economic definition of money)?. Answer. : Economists define money as anything . generally. accepted in exchange for commodities and in repayment of debt. For this reason, economists call money a ‘medium of exchange.’. 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 . –. . MODULE 27. OBJECTIVES OF . MONETARY POLICY. The Fed’s Board of Governors formulates policy, and the twelve Federal Reserve Banks implement policy.. The fundamental objective of monetary policy is to aid the economy in achieving full-employment output with stable prices.. 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 Unit – II. Management of Primary Reserves. . Nature of Primary Reserve in Commercial Banks. Primary reserve refers to absolutely non-earning liquid assets held by a commercial bank. It is an aggregate of cash holdings by a bank with itself, the balance with the central bank and the demand deposits (DDs) with other commercial banks. . Disclaimer: The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve System.. The End of the State Banking Era.