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Lecture Money, banking, and financial markets (3/e): Chapter 17 - Stephen G. Cecchetti, Kermit L. Schoenholtz

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Lecture Money, banking, and financial markets (3/e): Chapter 17 - Stephen G. Cecchetti, Kermit L. Schoenholtz

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Chapter 17 - The central bank balance sheet and the money supply process. In this chapter, we need to understand how the central bank interacts with the financial system. What is it that central banks buy and sell? What are the assets and liabilities on their balance sheets? How do they control those assets and liabilities, and why might they want to hide them from the public?...

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