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 this round of quantitative easing, interest rates decreased from 6.3% to 5.2%. ... Treasuries per month, resulting in a total planned expenditure of $600 billion for the easing period. ... This was done so that the market would be flooded with shot-term treasuries causing the interest rates on those securities to increase, and when they would buy the long-term securities the long-term interest rates would fall. ... The ECB intr...
- Word Count: 3183
- Approx Pages: 13
- Has Bibliography
- Grade Level: Undergraduate