1. Monetary Policies of the FRB, ECB, and Bank of Japan
It issues Federal Reserve Notes, clears checks, acts as a fiscal agent to the federal government, and audits and maintains competition in the banking system. ... After the collapse of Lehman Brothers, the ECB also resulted in unconventional monetary policy, in addition to convention policy, to try and revive the struggling economy. ... The first unconventional monetary policy tool was the fixed-rate full-allotment policy (FRFA). ... The Bank of Japan underwent several policy measures to ensure stability in financial markets in addition to the policy interest rate reductions. ... This was done...
- Word Count: 3183
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate