21 research outputs found
Money market futures
Get PDFVirtually all financial innovation in the U.S. money market during the past 20 years has centered on interest rate derivatives, including futures and swaps. Furthermore, money market futures--especially futures contracts on Eurodollar time deposits--have been at the vanguard of the recent explosion of trading activity in interest rate derivatives. While futures markets traditionally have been viewed as markets for the transfer of price risk, recent research shows that they may serve other important economic functions as well.Futures ; Money market
The Monetary Control Act and the role of the Federal Reserve in the interbank clearing market
Get PDFThe Monetary Control Act of 1980 radically changed the role of the Federal Reserve in the interbank clearing market. Among other things, the Act required the Fed to give all depository institutions equal access to its payments services and to price those services competitively. In this article, Anatoli Kuprianov explains why Congress legislated this change. At least three developments in the 1970s, including the introduction of electronic payments systems, the deregulation of the thrift industry, and the decline in membership in the Federal Reserve System, forced consideration of the questions of access to and pricing of Fed services. Because of the complex issues involved, the debate could only be resolved through comprehensive legislation which addressed all of them simultaneously.Monetary policy ; Federal Reserve banks
An analysis of Federal Reserve pricing
Get PDFAn abstract for this article is not availableFederal Reserve banks ; Prices
Options on short-term interest rate futures
Get PDFAn abstract for this article is not availableInterest rate futures
Short-term interest rate futures
Get PDFAn abstract for this article is not availableInterest rate futures
