Monetary Policy and the Development of Money Markets

activities addition amount arrangements authorities average Bank of Canada Bank of England Bank Rate bank's bankers banking system basis bonds borrowing branch banking buy-back Calcutta capital markets cash ratios cent central bank centres chartered banks commercial banks competition costs day-to-day loans dealers debt demand deposits economic effect exchange exist export extent facilities Federal funds Federal Reserve Bank finance companies Government securities growth hire purchase hundi important income increase India indigenous influence interest rates investment investors issues lending less limits liquid assets ratio London long-term maturity means ment mergers minimum monetary policy money market open market open market operations operations possible profit rate of interest relevant Report repurchase agreement restrictions savings scheduled banks sector sell short-dated short-term structure tend tender tion trading transactions Treasury bills United United Kingdom York