Economics for Professional Investors
Monetary policy, whether expressed in terms of interest rates or liquidity conditions, is a central aspect of all economic analysis of financial markets. Economics for Professional Investors provides an understanding as to how economic forces can impact upon the financial markets in today's global economy.
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MONEY CREDIT AND INTEREST RATES
The monetary base
Difference between the demand for credit and the demand
21 other sections not shown
A’s currency adjustment balance of payments Balance Sheet bank’s banking system borrowing Bundesbank cash currency central bank Chapter commercial banks consumption country’s currency in circulation current account deficit deﬂation demand for money depreciation dollar domestic currency equity example exports fall Federal funds rate FIGURE financial assets fixed exchange rate ﬂoating ﬂows foreign assets foreign currency foreign exchange foreign reserves government bonds growth rate higher identity included increase inﬂation rate inﬂuence intervention investors Japan lending minus monetary authority monetary base monetary conditions monetary policy monetary system money growth money supply money supply growth national income nominal exchange rate nonbank private sector nonborrowed reserves open economy outﬂows output percent PPP level public sector deficit purchasing power parity rate of money real assets real exchange rate real interest rate reﬂecting result rise spending targeting tend trade velocity yield curve