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xi, 238 pages 22 cm Includes bibliographical references The Goals of Monetary Policy -- The Tools of Monetary Policy -- Mechanics of Open-Market Operations -- Effects of Open-Market Operations -- Advantages and Disadvantages of Open-Market Operations -- The Discount Mechanism -- Changes in the Discount Rate -- Reform of the Discount Mechanism -- The Reserve Requirement -- Some Controversies about Reserve Requirements -- Reserve Requirement Changes -- Interaction of Major Tools -- Relative Advantages and Disadvantages of Major Tools for Countercyclical Policy -- Relative Advantages and Disadvantages of Various Tools for Secular Changes -- Are All These Tools Necessary? -- Selective Controls -- Suasion and Direct Action -- Publicity and Informal Advice -- International Tools -- Monetary Policy and the Money Market -- The Reserve Base and the Money Supply -- The Money Stock and Interest Rates -- Money Market Guides -- The Strength of Monetary Policy -- Implications of the Quantity Theory and the Keynesian Theory for Monetary Policy -- Institutional Factors Strengthening or Weakening Monetary Policy -- Overview -- The Relationship of Strength and Magnitude -- International Aspects -- M

Author
Mayer, Thomas, 1927-
Publisher
New York, Random House
Published
1968
Language
EN

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