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Chapter 14. Money, Banking, and the Federal Reserve

Chapter 14. Money, Banking, and the Federal Reserve. Link to syllabus. Chapter 17 is an extension of this material, focusing on how incomplete regulation led to the financial crisis starting in 2007. We won’t have time to address this directly. Monetary Aggregates, 2011. Fig. 14-1, p. 416.

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Chapter 14. Money, Banking, and the Federal Reserve

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  1. Chapter 14. Money, Banking, and the Federal Reserve Link to syllabus Chapter 17 is an extension of this material, focusing on how incomplete regulation led to the financial crisis starting in 2007. We won’t have time to address this directly.

  2. Monetary Aggregates, 2011. Fig. 14-1, p. 416. M2 is much bigger than M1.

  3. A Massachusetts local currency gets international attentionDutch nonprofit provides $500,000 grant to start loan program for increasingly popular BerkShares

  4. How Banks Create Money. Table 14-1, p. 423. New Loans Total (this New stage) Loans 900 900 810 1,710 Fourth stage 729 2,629 3,439 729 2 ,439 (Required reserve ratio is 0.10)

  5. The Monetary Base and the Money Supply. Fig. 14-5 p. 425

  6. The Effect of Bank Runs, 1929-33. Table 14-2, p. 426 Very bad for banks, and the rest of us.

  7. The Federal Reserve System. Fig. 14-6, p. 428.

  8. Yellen to Back Stimulus Plan in Remarks to Senators Janet L. Yellen, President Obama’s choice to lead the Federal Reserve for the next four years, plans to tell senators at her confirmation hearing on Thursday that continuing the Fed’s enormous stimulus campaign is the best way to revive the economy and hasten the program’s end. Ms. Yellen’sprepared remarks, as expected, amount to an affirmation of the Fed’s current course, which she has helped create over the last three years as a crucial supporter of the current chairman, Ben S. Bernanke.

  9. (different text). Reserve Requirements 2006.

  10. Link to Federal Reserve Board of Governors

  11. FOMC Decisions

  12. OMC Meeting (early 2012?)

  13. Open Market Committee Seating

  14. RollerCoaster joke

  15. GreenspanJoke

  16. Greenspan pictures Fan of Benny Goodman A member of Ayn Rand’s “collective”

  17. Greenspan and Paul Volcker, his predecessor Close, but no cigar

  18. Greenspan viewed by cartoonists Inscrutable Alan

  19. The Federal Reserves Assets and Liabilities. Fig. 14-7 p. 398 Won’t be covered on exams in 201

  20. Open Market Operations by the Fed. Fig. 14-8, p. 430 Fed buys bonds Fed sells bonds

  21. The Fed’s Response to the Current Crisis. Fig. 14-9 p. 433

  22. The TED Spread. Figure 14-10, p. 439

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