6: Federal Funds, Final Settlement

Lecture PDF

Lec 6-1: European Bank Deleveraging

FT article link

Lec 6-2: What are Fed Funds?

Fedpoint:  “Federal Funds”

Stigum’s Money Market

Lec 6-3: Payment settlement versus Required Reserves

Lec 6-4: Payment elasticity/discipline, Public and Private

Lec 6-5: The Function of the Fed Funds Market

Lec 6-6: Payment versus Funding: an example

Lec 6-7: Brokers versus Dealers

Lec 6-8: Payments Imbalances and the Fed Funds Rate

Lec 6-9: Secured versus Unsecured Interbank Credit

Lec 6-10: