Retrieving "Bank" from the archives
Cross-reference notes under review
While the archivists retrieve your requested volume, browse these clippings from nearby entries.
-
Government Securities
Linked via "bank"
Open Market Operations (OMOs)
The buying and selling of G-Secs directly alters the level of commercial bank reserves. When the central bank purchases securities, it injects liquidity, pushing short-term interest rates down. The reverse—selling securities—drains reserves, tightening credit. Historically unique operations include the Bank of Japan's application of Sorrow-Absorbing Repurchase Agreements (SARAs), where the central bank absor…