- Role of Central Bank
- Reserve City & Central Reserve City Banks
- Structure of Fed, and Reasons for its structure
- Main Assets of Fed
- Main Liabilities of Fed
- Source of Fed's Capital Accounts
- Board of Governors
- FOMC
- Regional Banks & their Boards of Directors
- Fed Independence
- Treaty of Rome, EEC
- EU
- Maastricht Treaty
- EMU
- Convergence Criteria
- ESCB
- ECB
- Structure of ECB
- ECB Ownership and profits
- ECB Independence
- ECB goals
- Money Creation
- Simple Multiplier, reasons it's too large
- Multiple Contraction
- T-accounts For Fed OMO from bank and from broker
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- monetary base
- M1 multiplier (m1)
- k, rr, re
- Factors that affect k
- Factors that affect rr
- Factors that affect re
- History of OMOs
- Banking Act of 1935
- Reasons why treasuries are used for OMOs
- OMOs & foreign exchange markets
- Sterilizing w/ offsetting OMOs
- How OMOs affect interest rates, monetary base, reserves, and the
money aggregates (be able to be specific)
- Advantages of OMOs
- Defensive vs. Dynamic Operations
- RPs, Reverse RPs
- Discount Window
- History
- types of credit
- restrictions
- substitutes
- use in monetary policy
- Reserve Requirements
- Disadvantages
- Affect on multiplier
- Use in monetary policy
- Reforming the Fed
- Fed Objectives, Targets, Tools
- Problems with monetary policy
- Intermediate and Operating Targets
Comprehensive Material:
- See previous study guides
- See old exams
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