The economics of intervention in the short-term money market
The Australian short-term money market [STMM] consists of a set of inter-related sub-markets which are designed to utilize funds deposited with them at call or for very short periods. The sub-markets include the official STMM, the unofficial STMM, the gilt-edged market and the inter company market. A study of the background and early history of the STMM reveals the considerable influence exerted by various monetary authorities on the structuring of all markets, particularly in regard...[Show more]
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