What procedures can the Bank of Canada use to control the overnight interest rate? Why does control
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What procedures can the Bank of Canada use to control the overnight interest rate? Why does control of this interest rate imply that the Bank of Canada will lose control of nonborrowed reserves?
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The Bank of Canada can control the overnight funds rate by buying a...View the full answer
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Related Book For
The Economics of Money Banking and Financial Markets
ISBN: 978-0321785701
5th Canadian edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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