Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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Paying a market rate of interest on reserves could create cash
flow problems for a central bank. One problem is that interest
on reserves would be paid on a daily basis, but interest earnings
would not accrue on a daily basis. Interest on short-term
securities is paid on a discount basis rather than on a daily basis
and interest on longer term securities is paid at infrequent
intervals. Also, inevitably there will be periods in which the
yield curve slopes downward, perhaps because the central bank
had recently tightened policy and markets expect a return to
lower overnight interest rates...
Nội dung trích xuất từ tài liệu:
Anticipation and Surprises in Central Bank Interest Rate Policy
