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IOER

It stands for interest on excess reserves; an administered interest rate and a central bank's (Fed Reserve's) tool that used...

Interest on Excess Reserves

An administered interest rate and a central bank's (Fed Reserve's) tool that used to control short-term interest rates. It is...

CeBM

It stands for central bank money; the liabilities of a central bank that constitute banknotes (and other forms of money-...

CBM

It stands for central bank money; the liabilities of a central bank that constitute banknotes (and other forms of money-...

Central Bank Money

The liabilities of a central bank that constitute banknotes (and other forms of money- overall, cash) and bank deposits (reserves)...

Currency Convertibility Option

The right of the holders of a given local currency to dispose of their currency holdings in exchange for goods…

Currency Convertibility Option

The right of the holders of a given local currency to dispose of their currency holdings in exchange for goods…

Moral Suasion

The process which a central bank or monetary authority follows to persuade banks and other financial institutions under its supervision...

Agency Capture

A situation that arises when regulatory policies and action often favor the industry being regulated at the expense of the...

Regulatory Capture

A situation that arises when regulatory policies and action often favor the industry being regulated at the expense of the...