Reviews suggested alternatives to the use of federal debt instruments in open market operations.
Written in 2004; 675 words; 2 sources; APA; $ 23.95
Paper Summary:
This paper comments on two policy issues concerning alternatives to the use of federal debt instruments in open market operations by the Federal Reserve. The paper discusses the objectives and established practices of the Federal Reserve as they relate to the topic.
From the Paper:
"Two policy issues are commented on in this presentation. The issues of interest are alternative approaches to the conduct of open market operations by the Board of Governors of the Federal Reserve System. Open market operations are the coordinated use, by the Federal Reserve, of open markets to attain money supply objectives set by the Board of Governors. As the term open markets implies, participation in these financial markets are more or less unrestricted. In other words, these financial markets do not facilitate private transactions..."
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