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Suppose the Central Bank - English | Trường Đại Học Hạ Long

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Môn: English (ENGL1467) 54 tài liệu

Trường: Đại Học Hạ Long 112 tài liệu

Tác giả:

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Mai Nguyệt

11 tháng trước
Danh sách Quiz
/1
1. Suppose the Central Bank decides to increase money supply by $2
million.
(a) How can it attain this target through open market operations if we
assume people hold no cash, the reserve requirement is 20% and there
are no excess reserves?
(b) How can it attain this target through changing reserve requirement
if we assume people hold no cash, the monetary base is $10 million,
the current reserve requirement is 20%, and there are no excess
reserves?
a. We have:
MS= Monetary base x = Monetary base x = 2 million
Monetary base= 0.4 million
The Central Bank can attain this target through open market operations if
people hold no cash by issuing bonds with the total value at 0.4 million
b. We have:
MS= Monetary base x = 10 x = 50 million
Because the Central Bank wants to increase money supply by $2 millio
MS = 52 = Monetary base x = 10 x
=
Reserve ratio =
Reserve requirement = 19.23%

Tài liệu khác của Đại Học Hạ Long

Preview text:

1. Suppose the Central Bank decides to increase money supply by $2 million.
(a) How can it attain this target through open market operations if we
assume people hold no cash, the reserve requirement is 20% and there are no excess reserves?
(b) How can it attain this target through changing reserve requirement
if we assume people hold no cash, the monetary base is $10 million,
the current reserve requirement is 20%, and there are no excess reserves? a. We have:
MS= Monetary base x = Monetary base x = 2 million  Monetary base= 0.4 million
 The Central Bank can attain this target through open market operations if
people hold no cash by issuing bonds with the total value at 0.4 million b. We have:
MS= Monetary base x = 10 x = 50 million
Because the Central Bank wants to increase money supply by $2 millio
 MS = 52 = Monetary base x = 10 x  =  Reserve ratio =
 Reserve requirement = 19.23%

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