Money and Banking

  1. Money Supply and Monetary Control
    1. The Central Bank Balance Sheet
      1. Central Bank Assets
        1. Government Securities
          1. Loans to Depository Institutions
            1. Foreign Exchange Reserves
              1. Gold and Special Drawing Rights
              2. Central Bank Liabilities
                1. Currency in Circulation
                  1. Bank Reserves
                    1. Required Reserves
                      1. Excess Reserves
                      2. Treasury Deposits
                        1. Foreign Official Deposits
                        2. Monetary Base
                          1. Components and Calculation
                            1. High-Powered Money
                              1. Relationship to Money Supply
                            2. Money Creation Process
                              1. Fractional Reserve Banking
                                1. Reserve Requirements
                                  1. Money Multiplier Process
                                    1. Bank Lending and Deposit Creation
                                    2. Simple Deposit Multiplier
                                      1. Assumptions
                                        1. Mathematical Derivation
                                          1. Limitations
                                          2. Money Multiplier
                                            1. Currency-to-Deposit Ratio
                                              1. Excess Reserve Ratio
                                                1. Required Reserve Ratio
                                                  1. Public and Bank Behavior
                                                  2. Factors Affecting Money Supply
                                                    1. Open Market Operations
                                                      1. Discount Window Lending
                                                        1. Reserve Requirement Changes
                                                          1. Currency Holdings
                                                            1. Excess Reserve Holdings
                                                          2. Monetary Policy Tools
                                                            1. Open Market Operations
                                                              1. Outright Purchases and Sales
                                                                1. Repurchase Agreements
                                                                  1. Primary Dealers
                                                                    1. Implementation Process
                                                                    2. Discount Window Policy
                                                                      1. Primary Credit
                                                                        1. Secondary Credit
                                                                          1. Seasonal Credit
                                                                            1. Lender of Last Resort Function
                                                                            2. Reserve Requirements
                                                                              1. Calculation Methods
                                                                                1. Maintenance Periods
                                                                                  1. Contemporaneous vs. Lagged Accounting
                                                                                  2. Interest on Reserves
                                                                                    1. Interest on Required Reserves
                                                                                      1. Interest on Excess Reserves
                                                                                        1. Floor System Implementation

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                                                                                    3. Financial Institutions and Banking

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                                                                                    5. Central Banking and Monetary Policy