Pol201: American National Government Final Paper Eliza Gordner July 2‚ 2012 In all aspects‚ the financial crisis of 2008 – 2009 has and is affecting millions of Americans. One key factor to the financial crisis in the American economy has been greed by not only the government‚ but businesses and individuals. Our federal government from the President‚ Congress‚ the Secretary of the Treasury‚ and last but not least‚ the Federal Reserve‚ has each had a contributing factor in allowing
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Federal Reserve Bank of New York Staff Reports Shadow Banking Zoltan Pozsar Tobias Adrian Adam Ashcraft Hayley Boesky Staff Report No. 458 July 2010 Revised February 2012 FRBNY Staff REPORTS This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily reflective of views at the Federal Reserve
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growing‚ or at the very least stay the same. No one expected it to go “belly up”. People believed everything would right itself and work out‚ all because of technology. In the 1920’s a lot of artificial wealth was created. People were rich “on paper” but had no tangible holdings to back it up. Companies invested in other companies and the stock market was artificially boosted. However‚ when people tried to get their money after the stock market crashed‚ they came to find out that their money was
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collateralized by the asset sold and repurchased. 4. What would you expect to happen to the spread between yields on commercial paper and Treasury bills if the economy were to enter a steep recession? Like the TED spread (the spread between the yield on Treasury bills and Eurodollar bank deposits shown in class) the spread between the yield on Treasury bills and commercial paper (the rate paid by corporations) will widen. Deterioration of the economy increases credit risk (the likelihood of default).
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Chapter 29 The Monetary System TRUE/FALSE 1. In an economy that relies on barter‚ trade requires a double-coincidence of wants. ANS: T DIF: 1 REF: 29-0 NAT: Analytic LOC: The role of money TOP: Barter MSC: Definitional 2. Joe wants to trade eggs for sausage. Lashonda wants to trade sausage for eggs. Joe and Lashonda have a double-coincidence of wants. ANS: T DIF: 1 REF: 29-0 NAT: Analytic LOC: The role of money TOP: Barter MSC: Definitional 3. The use of money allows trade to
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2 Copyright © 2010 Pearson Education‚ Inc. Publishing as Prentice Hall Measures of the U.S. Money Supply MEASURE DESCRIPTION VALUE (JAN 2008) SEAS. ADJ. (BIL. $) Coins held outside the Treasury‚ the Federal Reserve banks‚ and depository institutions‚ as well as paper money—Federal Reserve notes 758.0 Checkable deposits Deposits in checking accounts (demand deposits) 292.5 Travelers’ checks Checks that can be used as cash issued by nondepository institutions such as American Express Other
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Influential Participants Amongst the Camp David summit participants‚ the Under Security of the Treasury for Monetary Affairs‚ Paul A. Volcker‚ Secretary of Treasury‚ John B. Connally‚ Jr.‚ the Chairman of the Federal Reserve‚ Arthur F. Burns‚ and the director of the Office of Management and Budget‚ George P. Shultz probably played a significant role in the initiative announced by President Nixon’s a nationally televised address on August 15‚ 1971. Volcker had been leading the effort to stabilize
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economically or politically defensible for Central Banks to intervene‚ acting directly or through agents‚ in support of domestic equity prices? Under what circumstances would you reverse your conclusions? 3. Discuss the Institutional structure of the US Federal Reserve‚ European Central Bank and Bank of England and that of the central bank of your home country. What are the similarities in their rate setting institutions‚ regulatory responsibilities (if any) and government debt management responsibilities (if
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Financial Insitutions Closed book‚ Closed Notes 1. Final Examination Fall 2011 Roger Staiger III What is the difference between the spot market and the futures market In the spot market‚ trades are executed immediately‚ i.e. real time. In the futures markets‚ which is a derivatives market‚ trades are agreed upon today but settled lat later dates in the future. 2. What is the main difference between the money markets and capital markets? Money markets are for short-term security exchanges
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Federal Reserve Bank of New York Staff Reports Shadow Banking Zoltan Pozsar Tobias Adrian Adam Ashcraft Hayley Boesky Staff Report no. 458 July 2010 This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors
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