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Unformatted text preview: used as a proxy for long-term interest rates in general 5. quantitative easing (QE) describes a monetary policy used by central banks to increase the supply of money by increasing the excess reserves of the banking system 6. is interest rate paid by banks in the overnight money market 7. The OCR cannot be changed by transactions between financial institutions as this does not change the supply of money, only its location Ti t m 3 slide ng nha!...
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This note was uploaded on 05/02/2011 for the course FINANCE 9924603 taught by Professor Ssgdbfb during the Spring '11 term at Kyung Hee.
- Spring '11