Economics of Money and Banking / Perry G Mehrling / Ders 1

QE 'den QT ye doğru FED

https://e-markets.nordea.com/api/research/attachment/98228

https://e-markets.nordea.com/api/research/item/54007.pdf

The liability side of Fed’s balance sheet consist of four main components

Federal reserve notes (more commonly known as currency in circulation)

Bank reserves compromised of both required and excess reserves

Deposits in the Treasury General account (TGA, i.e. the Treasury’s account at the Fed)

Reverse repos with foreign official accounts (more commonly known as the foreign repo pool)





Bunların haricinde, Mortage ödemeleri olduğunda rezervler sistemden siliniyor.



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