Suppose that the value of the asset the Fed holds falls to zero after the trade. The trade was permanent, so there's no margin call or anything like that - the Fed owns the asset and it is worth nothing. Then, in the end, it is no different than the Fed simply printing that same amount of money and giving it to the banks as new reserves, it is an increase in the money supply.
Group items matching
in title, tags, annotations or url
1More
方舟子的BLOG » BLOG Archive » 关于眼保健操问题方舟子答记者问 - 0 views
【原创】是一件很不负责任的事情(图文) - 舒然的日志 - 网易博客 - 0 views
你好,不折腾元年 - 魔鬼教官的日志 - 网易博客 - 0 views
CCTV再现可耻一幕:删改奥斯卡获奖致辞 - 2可器的日志 - 网易博客 - 0 views
« First
‹ Previous
41 - 60 of 1548
Next ›
Last »
Showing 20▼ items per page