How did the financial crisis of 2007-2009 alter the appointment process of presidents of the regional Federal Reserve banks?
Answer to relevant QuestionsWhat are the goals of the ECB? How are its officials held accountable for meeting them? In 2012, the FOMC stated for the first time that it aims at an inflation rate of 2 percent (based on the price index of personal consumption expenditures). How might this announcement help secure price stability?Why did the “no-bailout” clause of the Maastricht Treaty come under stress during the financial crisis of 2007-2009? Follow the impact of a $100 cash withdrawal through the entire banking system, assuming that the reserve requirement is 10 percent and that banks have no desire to hold excess reserves. In which of the following cases will the size of the central bank’s balance sheet change? a. The Federal Reserve conducts an open market purchase of $100 million U.S. Treasury securities.b. A commercial bank borrows $100 ...
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