On the 22nd of January 2015, the European Central Bank (ECB) launched a massive government bond-buying program which will inject hundreds of billions in new money into the euro zone economy. The ECB said that the purchasing of sovereign debt will last about a year and a half from March onwards, till the end of…
What about the operations of the Federal Reserve System? In this day and age, the actual notes and coins circulating in the economy represent only a tiny portion of the money in existence. In actual fact, majority of the money supply is created by private banks as loans that are payable back to the banks…
Many of us are probably familiar with the term “Quantitative Easing” by now but what about the institution behind it? Before I dive into the system of the Federal Reserve, I would like to discuss about the history behind the Federal Reserve Act. The Federal Reserve Act was supposedly signed into law to prevent
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