Seasonal borrowing and open market operations
A review of the Federal Reserve's seasonal borrowing program, including 1) an investigation of the original rationale for the program, 2) a determination of how changes in financial market structure during the intervening years may have affected that rationale, and 3) an exploration of how seasonal borrowing complicates monetary policy implementation.
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Volume (Year): (1990)
Issue (Month): Q II ()
Pages: 29-40
| Handle: | RePEc:fip:fedcer:y:1990:i:qii:p:29-40:n:v.26no.2 |
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- Daniel L. Thornton, 1988. "The borrowed-reserves operating procedures: theory and evidence," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 30-54.
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