Central bank lending

Brian Madigan and William Nelson

Chapter 4 in Research Handbook of Financial Markets, 2023, pp 79-101 from Edward Elgar Publishing

Abstract: Central banks generally have responsibility for promoting an economy’s macroeconomic goals, such as price stability or low and stable inflation, high employment, and maximum sustainable economic growth. To do so, they typically use a number of tools such as open market operations, reserve requirements, adjustments to policy interest rates, and lending. This article focuses on the lending function of central banks, often referred to as the discount window. Reflecting the professional backgrounds of the authors, the article focuses on the U.S. experience.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/edcoll/9781800375321/9781800375321.00010.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:20173_4

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().