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100   $a20130224d2012      uy             0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aMoney and collateral$b[electronic resource] /$fManmohan Singh and Peter Stella
210   $aWashington, D. C. $cInternational Monetary Fund$d2012
215   $a1 online resource (23 p.)
225  0$aIMF working policy ;$vWP/12/95
300   $aDescription based upon print version of record.
311   $a1-4755-2147-2 
311   $a1-4755-0285-0 
320   $aIncludes bibliographical references.
327   $aCover; Contents; I. Introduction; II. Money and the (Adjusted) Money Multiplier; Figure; 1. Monetary Base and Deposits at the Central Bank (1959-2011); III. Collateral; 2. U.S. Total Credit Market Assets (ratio to GDP); Table; 1. Definition of Terms Used; 3. U.S. Ratio of Total US Financial Intermediaries Liabilities to Ultimate Liquidity; 4. Ratio of Total US Commercial Bank Liabilities to Ultimate Liquidity; 5. Ratio of Total US Nonbank Financial Intermediaries Liabilities to their holdings of C1; IV. Safe Assets and Treasury-bills-What Determines their Supply?
327   $a6. Ratio of T-Bills/Total Issuance by U.S. Treasury Since 1982 V. Collateral Chains; VI. Monetary Policy and Financial Lubrication; VII. Conclusion; 7. Bills/Total Issuance Relative to 10 year Yields minus 6-month Yields (1961-2011); Annex; 1. Debt Management Strategy of U.S. Treasury since the 1960's; References
330   $aBetween 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized assets to collateralize borrowing. The subsequent crisis has reduced the pool of assets considered acceptable as collateral, resulting in a liquidity shortage. When trying to address this, policy makers will need to consider concepts of liquidity besides the traditional metric of excess bank reserves and do more than merely substitute central bank money for collateral that currently rema
410  0$aIMF Working Papers
606   $aMoney
606   $aMonetary policy
608   $aElectronic books.
615  0$aMoney.
615  0$aMonetary policy.
700   $aSim?ha$b Manamohana$0856990
701   $aStella$b Peter$0860306
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910453146103321
996   $aMoney and collateral$92227514
997   $aUNINA