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Central Banking and Money Market Changes

Hyman P. Minsky^1,2

¹ University of California, Berkeley · ² Brown University

I. Introduction, 171. — II. Two recent institutional changes, 173; the federal funds market, 173; the financing of government bond houses: sale and repurchase agreements with nonfinancial corporations, 176. — III. Implications of these changes for monetary policy, 181. — IV. Implications of the expectation that institutions will change, 185.

DOI

10.2307/1883812

Volume

71 (2)

Pages

171

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