5: The Central Bank as a Clearinghouse
Lec 5-1: Martin Wolf on QE3
Lec 5-2: One Big Bank
Lec 5-3: Multiple Banks, a challenge
Lec 5-4: Reading: Charles F. Dunbar
Optional: More Dunbar
Lec 5-5: Correspondent banking, bilateral balances
Lec 5-6: Correspondent banking, system network
Lec 5-7: Clearinghouse, normal operations
Optional: Clearinghouses
Lec 5-8: Clearinghouse, private lender of last resort
Optional: Clearinghouse certificates
Lec 5-9: Central Bank Clearing
Lec 5-10: Central Bank Cooperation