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 Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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Question Posted: Nov 09, 2018 12:18 PM

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What procedures can the Bank of Canada use to control the overnight interest rate? Why does control

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The Bank of Canada can control the overnight funds rate by buying a...View the full answer

The Economics of Money Banking and Financial Markets

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