Home  Journals  Finance and Credit  29(461) - 2011 August

Analysis of the «fine-tuning» of the current liquidity of the federal reserve system of the usa in stationary and crisis conditions

Available online: 2 August 2011

Subject Heading: The financial market

JEL Classification: 

In this work the author makes the attempt to study, using the methods of statistical analysis, the reaction of the Federal Reserve System of the USA to the problem of providing the liquidity that arose as a result of the global financial crisis of 2008 - 2010. The work shows that the characteristics of the monetary regulation’s process in conditions of the steady state and the crisis of development economics, substantially different, as intensive performance management (the average amount of money that is used in order to ensure an acceptable level of liquidity), and on the temporal characteristics of impact (analysis of the autocorrelation function of the considered processes revealed the existence in the first case the «aftereffect» control system with the lags in 2 and 4 weeks; in the conditions of crisis management the «aftereffect» revealed only with a lag of 4 weeks).

Keywords: balance, currency, current liquidity, managing the impact, crisis, stationary condition

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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