Money markets in the United States of America
The article presents a detailed description of the money markets in the U.S. In recent years, new markets such as bankers’ acceptances, commercial paper, Negotiable Certificates of Deposit and the external extension of the New York market into Euro-dollars have have been established. Despite the gro...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Associazione Economia civile
2014-01-01
|
| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11569 |
| _version_ | 1811172500258684928 |
|---|---|
| author | J.S.G. WILSON |
| author_facet | J.S.G. WILSON |
| author_sort | J.S.G. WILSON |
| collection | DOAJ |
| description | The article presents a detailed description of the money markets in the U.S. In recent years, new markets such as bankers’ acceptances, commercial paper, Negotiable Certificates of Deposit and the external extension of the New York market into Euro-dollars have have been established. Despite the growth in some of these markets, however, the main markets in the U.S. remain those in Government securities and Federal funds. It is through these markets that idle money in the U.S. is mobilised and distributed across the country as a whole. In this context, full use is made of correspondent relationships and both the banks and the dealers attempt to tap every possible source of funds. The intensity of this search for new sources of money has had the effect of binding together much more closely the various parts of the financial mechanism and has made it much more sensitive to Federal Reserve action.
JEL: E44, E58
|
| first_indexed | 2024-04-10T17:32:14Z |
| format | Article |
| id | doaj.art-4344e497a1174f60bd54c9332eae15bc |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:32:14Z |
| publishDate | 2014-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-4344e497a1174f60bd54c9332eae15bc2023-02-03T16:44:21ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-01-01239510.13133/2037-3643/11569Money markets in the United States of AmericaJ.S.G. WILSONThe article presents a detailed description of the money markets in the U.S. In recent years, new markets such as bankers’ acceptances, commercial paper, Negotiable Certificates of Deposit and the external extension of the New York market into Euro-dollars have have been established. Despite the growth in some of these markets, however, the main markets in the U.S. remain those in Government securities and Federal funds. It is through these markets that idle money in the U.S. is mobilised and distributed across the country as a whole. In this context, full use is made of correspondent relationships and both the banks and the dealers attempt to tap every possible source of funds. The intensity of this search for new sources of money has had the effect of binding together much more closely the various parts of the financial mechanism and has made it much more sensitive to Federal Reserve action. JEL: E44, E58 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11569Money marketsUnited StatesEurodollarsNCDsecuritiesFederal funds |
| spellingShingle | J.S.G. WILSON Money markets in the United States of America PSL Quarterly Review Money markets United States Eurodollars NCD securities Federal funds |
| title | Money markets in the United States of America |
| title_full | Money markets in the United States of America |
| title_fullStr | Money markets in the United States of America |
| title_full_unstemmed | Money markets in the United States of America |
| title_short | Money markets in the United States of America |
| title_sort | money markets in the united states of america |
| topic | Money markets United States Eurodollars NCD securities Federal funds |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11569 |
| work_keys_str_mv | AT jsgwilson moneymarketsintheunitedstatesofamerica |