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PROBLEMATIKA RIADENIA LIKVIDITY FEDERÁLNEHO REZERVNÉHO SYSTÉMU V KONTEXTE BANKOVEJ KRÍZY 1929 - 1933 / LIQUIDITY MANAGEMENT PROBLEMS OF FED DURING BANKING PANIC 1929 - 1933

Main goal of the diploma thesis is to research liquidity management problems of the Federal Reserve System during banking crisis 1929 -- 1933. Monetary policy implementation based on the implicit reserve targeting was not convenient in times of sharp expansion of the demand for reserves. FED was misled by Real-bills and Riefler-Burgess doctrine and considers monetary condition to be easy. Money interest rates responded very moderately to the shortage of the banking system's liquidity. We can find origin of the first quantitative easing in 1932 when FED first bought larger quantities of the government securities. Expansionary monetary policy during the banking crisis 1929 -- 1933 was also potentially limited by the conflict among U.S. financial stability and sustainability of the gold standard.

Identiferoai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:197860
Date January 2013
CreatorsTitze, Miroslav
ContributorsBrůna, Karel, Jakl, Jakub
PublisherVysoká škola ekonomická v Praze
Source SetsCzech ETDs
LanguageSlovak
Detected LanguageEnglish
Typeinfo:eu-repo/semantics/masterThesis
Rightsinfo:eu-repo/semantics/restrictedAccess

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