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Money and Collateral / / Manmohan Singh, Peter Stella



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Autore: Singh Manmohan Visualizza persona
Titolo: Money and Collateral / / Manmohan Singh, Peter Stella Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2012
Descrizione fisica: 1 online resource (23 p.)
Soggetto topico: Money
Monetary policy
Banks and Banking
Finance: General
Money and Monetary Policy
Industries: Financial Services
Banks
Depository Institutions
Micro Finance Institutions
Mortgages
Financial Institutions and Services: Government Policy and Regulation
International Monetary Arrangements and Institutions
Corporation and Securities Law
General Financial Markets: Government Policy and Regulation
International Financial Markets
Monetary Policy, Central Banking, and the Supply of Money and Credit: General
Portfolio Choice
Investment Decisions
Monetary Systems
Standards
Regimes
Government and the Monetary System
Payment Systems
Finance
Banking
Monetary economics
Collateral
Monetary base
Liquidity
Bank deposits
Financial institutions
Asset and liability management
Currencies
Financial services
Loans
Banks and banking
Money supply
Economics
Soggetto geografico: United States
Altri autori: StellaPeter  
Note generali: Description based upon print version of record.
Nota di bibliografia: Includes bibliographical references.
Nota di contenuto: Cover; 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?
6. 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
Sommario/riassunto: Between 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 remains highly liquid.
Titolo autorizzato: Money and Collateral  Visualizza cluster
ISBN: 1-4755-8707-4
1-4755-7395-2
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910779226303321
Lo trovi qui: Univ. Federico II
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Serie: IMF Working Papers; Working Paper ; ; No. 2012/095