Money and Banking – Part 2: Central bank balance sheet and immediate implications

By Eric Tymoigne [Revised 1/18/16 – updated¬†t-account images] Post 1 reviewed basic balance-sheet mechanics. This post begins to apply them to the Federal Reserve System (Fed). Balance Sheet of the Federal Reserve System For analytical purpose, the balance sheet of … Continue reading Money and Banking – Part 2: Central bank balance sheet and immediate implications