The economics of money, banking, and financial markets

Inside the Fed  Fed Lending Facilities During the Global Financial Crisis  359

Quantitative Easing Versus Credit Easing ............................................................................ 360

Forward Guidance .............................................................................................................. 362

Negative Interest Rates on Banks’ Deposits ......................................................................... 363

Monetary Policy Tools of the European Central Bank ......................................................364

Open Market Operations .................................................................................................... 364

Lending to Banks ................................................................................................................ 364

Interest on Reserves ............................................................................................................ 365

Reserve Requirements ......................................................................................................... 365

Summary 365  •  Key Terms 366  •  Questions 366  •  Applied Problems 367  •   

Data Analysis Problems  368   •   Web Exercises  368   •   Web References  368

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27/10/17   5:49 PM

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