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3 results

  • 29 - Monetary Policy in the 1970s

  • from Part VIII - The 1970s
  • Kenneth D. Garbade
  • Book:
    After the Accord
    Published online:
    14 January 2021
    Print publication:
    04 February 2021, pp 458-474

  • Summary

    Describes the continuing efforts to offset transient fluctuations in autonomous factors. Examines in particular the decision of the Treasury to keep virtually all of its cash balances at Federal Reserve Banks (in order to benefit indirectly from historically high short-term interest rates) and the consequences of that decision for open market operations.

  • 14 - 1956 and 1957

  • from Part III - The New Regime
  • Kenneth D. Garbade
  • Book:
    After the Accord
    Published online:
    14 January 2021
    Print publication:
    04 February 2021, pp 195-212

  • Summary

    Reviews the further development of defensive repo operations and the Committee’s continuing struggle with supporting Treasury offerings priced at market. After one particularly troubled offering, in May 1957, the Secretary of the Treasury threatened to undertake what would have been, for all intents and purposes, Treasury operations aimed at managing bank reserves. The threat passed but the memory lingered as a reminder that the Treasury was not without resources.

  • Challenges 88–95 - Numeric Arrays

  • from Part I - Learning Python
  • Nichola Lacey
  • Book:
    Python by Example
    Published online:
    28 May 2019
    Print publication:
    16 May 2019, pp 72-78

  • Summary

    Readers learn about numeric arrays and data types such as integer, long, floating-point and double. They are shown how to import the array library, define an array in Python, append data, extend and combine arrays, remove items from an array along with sort and reverse arrays. They complete eight challenges to explore using numeric arrays in Python.