The Structure of the Postwar Money Market

The Structure of the Postwar Money Market

An interesting financial development of recent years is the renewal of activity in the money market. Transactions follow a quite different pattern from that of the 1920's, to which one must turn for a comparably active period. There have been important changes in the mechanics of money market o...

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Veröffentlicht in:Southern economic journal 1951-04, Vol.17 (4), p.409-421
1. Verfasser: Simmons, Edward C.
Format: Artikel
Sprache:eng
Schlagworte:
Bank loans
Bank markets
Bank reserves
Bankers acceptances
Banking industry
Borrowing
Central banks
Commercial banks
Commercial paper
Correspondent banks
Federal Reserve Bank
Government securities
Loan workouts
Money market
Money market instruments
Money markets
Open markets
Paper money
Securities markets
Short term debt
Treasury bills
World War II
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Beschreibung
Zusammenfassung:An interesting financial development of recent years is the renewal of activity in the money market. Transactions follow a quite different pattern from that of the 1920's, to which one must turn for a comparably active period. There have been important changes in the mechanics of money market operations, traceable to fundamental shifts in business and government finance. A survey of the functioning of the money market under present-day conditions affords an opportunity to examine the economic purpose served by this portion of the financial apparatus.
ISSN:0038-4038
2325-8012
DOI:10.2307/1054489