Asset Allocation, Credit Regulation, and Banking Supervision

Dimitris N. Chorafas
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Dimitris N. Chorafas: New York Academy of Sciences

Chapter 6 in Capitalism Without Capital, 2009, pp 113-134 from Palgrave Macmillan

Abstract: Abstract Chapter 3 brought to the reader’s attention two of the basic functions of central banks: monetary policy, which aims at establishing the right money supply for the economy, and the fight against inflation to safeguard the value of money earned and saved by people and companies. Chapter 4 pressed the point that money has a cost which in nominal terms is expressed by the interest rate established by the central monetary institution. It also explained why currency exchange risks and other factors impact on the cost of money.

Keywords: Monetary Policy; Commercial Bank; Hedge Fund; Implied Volatility; Investment Bank (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-25102-1_6

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DOI: 10.1057/9780230251021_6

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