[영작문]Tools of Monetary Policy

소개글

미국 federal reserve 가 경제 안정을 위해 사용하는 기술인 the reserve requirement, the discount rate, and open market operations 에 대해 설명한 레포트입니다.

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본문내용

There is always economic failing exist on the market which automatically takes the role of conducting efficiency distribution of resources. In this reason, national Government intervenes to the market for macroeconomic stability. Its goal is to achieve stable prices, low unemployment, low inflation, and economic growth. This stabilization includes microeconomic policy, monetary policy, financial policy, foreign currency policy. Among these policies, monetary policy primarily takes aim at stabilization of prices. Because the pervasive effects of inflation has a steady increasing characteristic, government need to control inevitably to sustain stable economic growth. Monetary policy is usually administered by a Government appointed “Central Bank” and the Federal Reserve Bank in the United States. Monetary policy affects all kinds of economic and financial decisions people make in the United States; It encourage or discourage people to buy new house, car or start the business. It also affects the important business decision, such as whether to invest in a new plant or equipment, to mention but a few. Federal Reserve uses three primary tools for affection the reserves of depository institutions: the reserve requirement, the discount rate, and open market operations........................

참고 자료

Mayo, H. B. (2004). Financial institutions, investments, and management: An introduction. (8th edition). Mason, OH: Thomson South-Western.
Monetary Policy. (2005). Financial Pipeline. Retrieved October 5, 2005 from http://www.finpipe.com/monpol.htm
The Federal Reserve Discount Window. (2005). Google. Retrieved October 5, 2005 from http://www.frbdiscountwindow.org/discountwindow_pf.doc