The discount window is an instrument of monetary policy (usually controlled by central banks) that allows eligible institutions to borrow money from the central bank, usually on a short-term basis, to meet temporary shortages of liquidity caused by internal or external disruptions. The term originated with the practice of sending a bank representative to a reserve bank teller window when a bank needed to borrow money. The interest rate charged on such loans by a central bank is called the discount rate, base rate, or repo rate, and should not be confused with the Prime rate. It is also distinct from the federal funds rate and its equivalents in other currencies, which determine the rate at which banks lend money to each other. In recent years, the discount rate has been approximately a percentage point above the federal funds rate (see Lombard credit). Because of this, it is a relatively unimportant factor in the control of the money supply and is only taken advantage of at large volume during emergencies.
Produktkennzeichnungen
Herausgeber
Frederic P. Miller, John Mcbrewster, Agnes F. Vandome
ISBN-10
6130618107
ISBN-13
9786130618100
eBay Product ID (ePID)
20042165115
Produkt Hauptmerkmale
Produktart
Lehrbuch
Sprache
Englisch
Anzahl der Seiten
112 Seiten
Verlag
Alphascript Publishing
Publikationsname
Discount Window
Autor
Frederic P. Miller, John Mcbrewster, Agnes F. Vandome
Format
Taschenbuch
Erscheinungsjahr
2010
Zusätzliche Produkteigenschaften
Hörbuch
No
Inhaltsbeschreibung
Paperback
Item Length
22cm
Item Height
7mm
Item Width
15cm
Item Weight
183g
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