After the Accord A History of Federal Reserve Open Market Operations, the US Government Securities Market, and Treasury Debt Management from 1951 to 1979
Book contents
- After the Accord
- Studies in Macroeconomic History
- After the Accord
- Copyright page
- Dedication
- Contents
- Charts
- Tables
- Boxes
- Foreword
- Acknowledgments
- Treasury Officials
- Federal Reserve Officials
- The Many Varieties of Dealer
- 1 Introduction
- Part I The System and the Market in the 1940s
- Part II The Accord and Its Aftermath
- Contents
- 5 The Accord
- 6 Taking Stock
- 7 New Directions
- 8 Challenging the New Restrictions
- 9 An Additional Limitation on the Conduct of Open Market Operations
- Part III The New Regime
- Part IV Summer 1958 and Its Consequences
- Part V The End of Bills Preferably
- Part VI The 1960s
- Part VII Updating Market Infrastructures
- Part VIII The 1970s
- Part IX Infrastructure in the 1970s
- References
- Index
6 - Taking Stock
from Part II - The Accord and Its Aftermath
Published online by Cambridge University Press: 14 January 2021
Book contents
- After the Accord
- Studies in Macroeconomic History
- After the Accord
- Copyright page
- Dedication
- Contents
- Charts
- Tables
- Boxes
- Foreword
- Acknowledgments
- Treasury Officials
- Federal Reserve Officials
- The Many Varieties of Dealer
- 1 Introduction
- Part I The System and the Market in the 1940s
- Part II The Accord and Its Aftermath
- Contents
- 5 The Accord
- 6 Taking Stock
- 7 New Directions
- 8 Challenging the New Restrictions
- 9 An Additional Limitation on the Conduct of Open Market Operations
- Part III The New Regime
- Part IV Summer 1958 and Its Consequences
- Part V The End of Bills Preferably
- Part VI The 1960s
- Part VII Updating Market Infrastructures
- Part VIII The 1970s
- Part IX Infrastructure in the 1970s
- References
- Index
Summary
Describes studies undertaken by the Federal Reserve Bank of New York and the FOMC to assess the problems associated with wartime and postwar monetary policy and how the System should proceed now that ceilings on interest rates had been removed. Places particular emphasis on the scope of System support for primary market sales of Treasury debt and System relations with primary dealers.
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- After the AccordA History of Federal Reserve Open Market Operations, the US Government Securities Market, and Treasury Debt Management from 1951 to 1979, pp. 84 - 98Publisher: Cambridge University PressPrint publication year: 2021