Mych14a_1 - Chapter 14 Monetary Policy and Federal Reserve...

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Chapter 14 Monetary Policy and Federal Reserve System Motivation The determination of the money supply The American institutions for monetary control Rules versus Discretion 1
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Motivation The Great Recession originated in the financial sector Financial sector includes banks and other financial institutions Banks take deposits and make loans in financial intermediation Bank deposits form part of money Monetary policy is entrusted to Federal Reserve System in America But this textbook does not talk much about the activities of banks and the Fed not related to money 2
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Central Bank Bank s The Public Money matters Focus of textbooks 3
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Central Bank Bank s Security Brokers Mortgage Associations Insurance Firms Investment Funds Financial Sector Source of Crisis 4
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Central Bank Bank s The Public Money matters Security Brokers Mortgage Associations Insurance Firms Investment Funds Financial Sector Focus of textbooks Source of Crisis 5
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Central Bank Bank s The Public Money matters Security Brokers Mortgage Associations Insurance Firms Investment Funds Financial Sector Focus of textbooks Source of Crisis 6 Where is the linkage?
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This note was uploaded on 03/10/2010 for the course ECON 3140 taught by Professor Mbiekop during the Spring '07 term at Cornell University (Engineering School).

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Mych14a_1 - Chapter 14 Monetary Policy and Federal Reserve...

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