ทฤษฎีและนโยบาย การเงิน Monetary Theory and Policy Money Supply Process Analyzing the Policy tools

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    14-Dec-2015

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<ul><li>Slide 1</li></ul> <p> Monetary Theory and Policy Money Supply Process Analyzing the Policy tools Slide 2 The Federal Fund Market Federal Fund Rate Discount Rate Demand ( Reserve Demand ) Supply Borrowed Reserve + Non Borrowed Reserve Slide 3 Fed Fund Rate Reserve E iDiD i FF R*NBR S D Slide 4 Effect of Policy Tools Open Market Operation Purchase / Sale Discount Loan Increase rate / Decrease Rate Required Reserve Increase require reserve ratio / Decrease RR Slide 5 Fed Fund Rate Reserve E0E0 iDiD i FF0 R0R0 NBR Open Market Operation : Purchase S1S1 S0S0 D R1R1 i FF1 E1E1 Slide 6 Fed Fund Rate Reserve E0E0 iDiD i FF0 R0R0 NBR Open Market Operation : Sale S1S1 S0S0 D R1R1 i FF1 E1E1 Slide 7 Fed Fund Rate Reserve E0E0 iDiD i FF0 R0R0 NBR Discount Rate : Increase S1S1 S0S0 D R1R1 i FF1 E1E1 Slide 8 Fed Fund Rate Reserve E1E1 iDiD i FF0 R0R0 NBR Discount Rate : Decrease S1S1 S0S0 D R1R1 i FF1 E0E0 Slide 9 Fed Fund Rate Reserve E0E0 iDiD i FF0 R0R0 NBR S D0D0 E1E1 R1R1 i FF1 Required Reserve : Increase D1D1 Slide 10 Fed Fund Rate Reserve E0E0 iDiD i FF0 R0R0 NBR S D0D0 E1E1 R1R1 i FF1 Required Reserve : Decrease D1D1 </p>