Matches in SemOpenAlex for { <https://semopenalex.org/work/W4301667553> ?p ?o ?g. }
Showing items 1 to 61 of
61
with 100 items per page.
- W4301667553 endingPage "56" @default.
- W4301667553 startingPage "47" @default.
- W4301667553 abstract "Current development shows that financial system tends to move to the direction where controls over banking system would be very minimum. Banks are no longer required to hold afraction of their assets as required reserve with the central bank, and deposits are not subject to interest rate regulation. Fama (1980, 1983) argues that with the absence of reserve ratio price determinacy still holds through the control over currency supply. However, recent development also indicates that the control over currency supply is not any more in the hand of central banks but determined by the demand of the people. Consequently, price level is uncontrollable. Black (1970) even goes further to conclude that the unregulated banking system will bring the traditional monetary theories to an end. This paper deals with the implications of recent development in financial system in Canada. This paper argues that even though there is no longer reserve requirement and currency supply is determined by demand side, the Bank of Canada still has control over nominal magnitude of the economy, namely interest rates, which in turn influence aggregate demand and prices." @default.
- W4301667553 created "2022-10-05" @default.
- W4301667553 creator A5038114864 @default.
- W4301667553 date "2016-03-14" @default.
- W4301667553 modified "2023-10-14" @default.
- W4301667553 title "Monetary Policy under Zero Reserve Requirement in Canada" @default.
- W4301667553 doi "https://doi.org/10.20885/ejem.v2i1.4269" @default.
- W4301667553 hasPublicationYear "2016" @default.
- W4301667553 type Work @default.
- W4301667553 citedByCount "0" @default.
- W4301667553 crossrefType "journal-article" @default.
- W4301667553 hasAuthorship W4301667553A5038114864 @default.
- W4301667553 hasBestOaLocation W43016675531 @default.
- W4301667553 hasConcept C12472996 @default.
- W4301667553 hasConcept C126285488 @default.
- W4301667553 hasConcept C13309458 @default.
- W4301667553 hasConcept C141121606 @default.
- W4301667553 hasConcept C150149615 @default.
- W4301667553 hasConcept C162324750 @default.
- W4301667553 hasConcept C175025494 @default.
- W4301667553 hasConcept C187736073 @default.
- W4301667553 hasConcept C2775924081 @default.
- W4301667553 hasConcept C2779971977 @default.
- W4301667553 hasConcept C29185160 @default.
- W4301667553 hasConcept C2992735868 @default.
- W4301667553 hasConcept C556758197 @default.
- W4301667553 hasConcept C70455891 @default.
- W4301667553 hasConceptScore W4301667553C12472996 @default.
- W4301667553 hasConceptScore W4301667553C126285488 @default.
- W4301667553 hasConceptScore W4301667553C13309458 @default.
- W4301667553 hasConceptScore W4301667553C141121606 @default.
- W4301667553 hasConceptScore W4301667553C150149615 @default.
- W4301667553 hasConceptScore W4301667553C162324750 @default.
- W4301667553 hasConceptScore W4301667553C175025494 @default.
- W4301667553 hasConceptScore W4301667553C187736073 @default.
- W4301667553 hasConceptScore W4301667553C2775924081 @default.
- W4301667553 hasConceptScore W4301667553C2779971977 @default.
- W4301667553 hasConceptScore W4301667553C29185160 @default.
- W4301667553 hasConceptScore W4301667553C2992735868 @default.
- W4301667553 hasConceptScore W4301667553C556758197 @default.
- W4301667553 hasConceptScore W4301667553C70455891 @default.
- W4301667553 hasIssue "1" @default.
- W4301667553 hasLocation W43016675531 @default.
- W4301667553 hasOpenAccess W4301667553 @default.
- W4301667553 hasPrimaryLocation W43016675531 @default.
- W4301667553 hasRelatedWork W2072923401 @default.
- W4301667553 hasRelatedWork W2389053426 @default.
- W4301667553 hasRelatedWork W2759733893 @default.
- W4301667553 hasRelatedWork W2915595162 @default.
- W4301667553 hasRelatedWork W3123050136 @default.
- W4301667553 hasRelatedWork W3124860488 @default.
- W4301667553 hasRelatedWork W3148319650 @default.
- W4301667553 hasRelatedWork W3183628318 @default.
- W4301667553 hasRelatedWork W643662317 @default.
- W4301667553 hasRelatedWork W3122632057 @default.
- W4301667553 hasVolume "2" @default.
- W4301667553 isParatext "false" @default.
- W4301667553 isRetracted "false" @default.
- W4301667553 workType "article" @default.