Foreign exchange reserves

way from being a bank started by the Diwan of Travancore, C.P. Ramaswami Iyer in 1945. Headquartered at Thiruvananthapuram, it was a premier bank of Kerala and undertook general banking business in addition to the government treasury work and foreign exchanges business. It achieved the name ‘State Bank of Travancore’ after it became a subsidiary of the State Bank of India (SBI) in 1960 under the SBI Subsidiary Banks Act, 1959. On 31st March 2017, it merged with the State Bank of India. Before…

Businesses borrow to expand production. Consumers borrow to buy houses or large items such as cars. Other tools used in todays economy, that differ from Quantitative Easing, include Open Market Operations, The Federal Open Market Committee, and Reserve Requirements. Open Market Operations is when the Federation chooses to buy or sell bonds. It is through open…

Austeriansis is the title of chapter eleven of the book End This Depression Now! written by the economist and Nobel Laureate Paul Krugman. In this chapter Paul Krugman analyzes the failing European respond to the European Financial Crisis. The lesson from the American Great Depression was clear: in times of depression states must act in order to implement expansionary fiscal and monetary policy. When the cash flow slows, states must act in order to restart the virtuous circle. Unfortunately, as…

When the financial crisis of the late 2000s hit, it revealed evident weaknesses in the U.S. financial regulatory structure. The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal law that was enacted in July 2010, following the financial crisis, to create financial regulatory processes to limit risk by enforcing both transparency and accountability. We are going to review the major costs and benefits of the new regulation standards and the effect it has had on…

Have you ever wondered why we allow a group of unelected private bankers to run our economy? We all know how trustworthy and constitutional politicians are; So, is it that hard to believe the truth, that all banks make money off debt. The Federal Reserve could have prevented deflation by preventing the collapse of the banking system or by counteracting the collapse with an expansion of the monetary base, but it failed to do so for several reasons. The economic collapse was unforeseen and…

One can find End of the Road on display at one of the local art displays known as The Fine Arts Society of Middle Georgia. End of the Road is great piece of art that shows many signs of symbolism, uses of color, and depicts many different countries. Beth gives the viewer of this painting insight to the downfall of the world. Beth Smith is a local artist that resides in Kathleen, Georgia. Beth shows some of her art at The Fine Arts Society of Middle Georgia that is located in Warner Robins.…

Jackson Hole There is no bigger stage for the central bankers than the annual Jackson Hole Symposium. The Fed Chair skipped the last one, however, she is attending this year and is due to speak on Friday, which has captured the world’s attention. Central banks losing control over the economic condition Since the last financial crisis of 2007, the world markets look up to the central banks to save them from another economic downturn. The central banks have tried everything, right from zero…

the most well-known and widely held view. Their theory states that the financial collapse was primarily due to monetary forces which were controlled by the central bank. This Monetarist view attaches a great deal of responsibility to the Federal Reserve of the United States for their role in regulating monetary policy leading up to the crisis9. A tightening of this supply beginning in 1929 has been tied to a decrease of M1 in circulation. In his Monetary History of the United States, Friedman…

reliable banks, as only approved banks were able to open, decreasing concerns of bank insolvency. This would ultimately encourage people to deposit their money into banks as they had done in the past. Two months later, gold was to be sold to the Federal Reserve for a set price to stop assets being panic-exported out of the country, and to increase the Reserve’s power to inflate the dollar, which they hoped would boost the economy out of the Depression. The banks would benefit because people…

Federal Reserve Essay In the late 1800’s, and early 1900’s, the US experienced multiple panics. The worst panic at date was the Panic of 1907. After the Panic of 1907, Congress began to establish the Federal Reserve. The Federal Reserve became the third central bank of United States in 1913. It was formed in an attempt to prevent further panics from occuring. Unlike the first two US central banks, which recieved 20 year Charters, the Fed was given an open ended Charter. This meant that the…