The economics of money, banking, and financial markets

CHAPTER 14 APPENDIX 1

The Fed’s Balance Sheet and the Monetary Base

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Contents in Detail

CHAPTER 14 APPENDIX 2

The M2 Money Multiplier

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CHAPTER 14 APPENDIX 3

Explaining the Behavior of the Currency Ratio

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CHAPTER 14 APPENDIX 4

The Great Depression Bank Panics, 1930–1933, and the Money Supply

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CHAPTER 15

Tools of Monetary Policy 

343

The Market for Reserves and the Federal Funds Rate ......................................................343

Demand and Supply in the Market for Reserves ................................................................. 344

How Changes in the Tools of Monetary Policy Affect the Federal Funds Rate ..................... 345

APPLICATION

  How the Federal Reserve’s Operating Procedures  

Limit Fluctuations in the Federal Funds Rate ..................................................349

Conventional Monetary Policy Tools.....................................................................................350

Open Market Operations .................................................................................................... 351