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Thai central bank raises policy rate for 5th time

BANGKOK, March 29 (Xinhua) Thailand central bank on Wednesday decided to raise its key policy rate for a fifth consecutive meeting, by another 0.25 percentag ....

Krung Thep Mahanakhon , Crate For , Central Bank , Policy Normalization ,

Reforming Last-Resort Lending: The Flexible 
Open-Market Alternative

The most fundamental of the Federal Reserve System’s many responsibilities is that of serving as the U.S. financial markets’ ultimate source of liquidity. Federal Reserve notes, along with account balances held by private depository institutions at the various Fed banks, are the U.S. economy’s final means of payment, and hence its most liquid assets, the scarcity of which is a crucial determinant of the scarcity of other liquid assets. ....

New York , United States , United Kingdom , City Of , Nova Scotia , Johnb Taylor , George Selgin , Donald Kohn , Willemh Buiter , Willem Buiter , Paul Winter , Marco Armone , Donaldl Kohn , Stephend Williamson , Georgeg Kaufman , Scott Sumner , Anna Kovner , Paul Fisher , Charlesw Calomiris , Walter Bagehot , Jeremy Kronick , Stephenh Haber , Douglas Evanoff , Benedict Weller , Antoinette Schoar , Robert Eisenbeis ,