{"id":231,"date":"2019-01-15T15:37:41","date_gmt":"2019-01-15T20:37:41","guid":{"rendered":"https:\/\/sites.bu.edu\/perry\/?page_id=231"},"modified":"2019-01-17T15:28:31","modified_gmt":"2019-01-17T20:28:31","slug":"5-the-central-bank-as-a-clearinghouse","status":"publish","type":"page","link":"https:\/\/sites.bu.edu\/perry\/lectures\/mb-lectures\/section-1\/5-the-central-bank-as-a-clearinghouse\/","title":{"rendered":"5:  The Central Bank as a Clearinghouse"},"content":{"rendered":"<p><strong><a href=\"\/perry\/files\/2019\/01\/Lec-05-The-Central-Bank-as-a-Clearinghouse.pdf\" target=\"_blank\" rel=\"noopener\">Lecture PDF<\/a><\/strong><\/p>\n<p>Lec 5-1: Martin Wolf on QE3<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/2526de00-00d3-11e2-9dfc-00144feabdc0.html#axzz2fQZcsuXg\"><span style=\"font-weight: 400;\">FT article link<\/span><\/a><\/p>\n<p><a href=\"http:\/\/ineteconomics.org\/blog\/money-view\/qe3\"><span style=\"font-weight: 400;\">Money View blog link<\/span><\/a><br \/>\n<a href=\"http:\/\/ineteconomics.org\/blog\/money-view\/qe3\"> <iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/iH0e1jmhQmw\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/a><\/p>\n<p>Lec 5-2: One Big Bank<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/PyTGohPHqy0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 5-3: Multiple Banks, a challenge<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/BZiQD75mpN4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 5-4: Reading: Charles F. Dunbar<\/p>\n<p><span style=\"font-weight: 400;\">Optional: \u00a0<a href=\"http:\/\/books.google.com\/books\/about\/Chapters_on_the_Theory_and_History_of_Ba.html?id=bbVJAAAAIAAJ\">More Dunbar<\/a><\/span><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/_FrU0BVeCJg\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 5-5: Correspondent banking, bilateral balances<\/p>\n<p><a href=\"http:\/\/books.google.com\/books\/about\/Bankers_balances.html?id=lC85AAAAMAAJ\"><span style=\"font-weight: 400;\">Source on bankers balances<\/span><\/a><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/ySeQT37belQ\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 5-6: Correspondent banking, system network<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/_BJEASfyXtc\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 5-7: Clearinghouse, normal operations<\/p>\n<p><span style=\"font-weight: 400;\">Optional: \u00a0<a href=\"http:\/\/books.google.com\/books?id=mZjm0-66vG8C&amp;dq=james+g+cannon+clearing&amp;hl=en&amp;sa=X&amp;ei=zgWCU6_BJMKiqAbUkYDQDA&amp;ved=0CDYQ6AEwAA\">Clearinghouses<\/a><\/span><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/Uok9KslQdrA\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 5-8: Clearinghouse, private lender of last resort<\/p>\n<p><span style=\"font-weight: 400;\">Optional: <a href=\"http:\/\/books.google.com\/books?id=Px4pAAAAYAAJ&amp;printsec=frontcover&amp;dq=clearinghouse&amp;hl=en&amp;sa=X&amp;ei=-gSCU_i1D4KIqgakg4LQAg&amp;ved=0CEkQ6AEwAg#v=onepage&amp;q=clearinghouse&amp;f=false\">\u00a0Clearinghouse certificates<\/a><\/span><br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/TKWrmleNog4\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 5-9: Central Bank Clearing<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/6ocg8pO-hpc\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Lec 5-10: Central Bank Cooperation<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/LG9X5x78g8g\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lecture PDF Lec 5-1: Martin Wolf on QE3 FT article link Money View blog link Lec 5-2: One Big Bank Lec 5-3: Multiple Banks, a challenge Lec 5-4: Reading: Charles F. Dunbar Optional: \u00a0More Dunbar Lec 5-5: Correspondent banking, bilateral balances Source on bankers balances Lec 5-6: Correspondent banking, system network Lec 5-7: Clearinghouse, normal [&hellip;]<\/p>\n","protected":false},"author":15799,"featured_media":0,"parent":223,"menu_order":5,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/231"}],"collection":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/users\/15799"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/comments?post=231"}],"version-history":[{"count":2,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/231\/revisions"}],"predecessor-version":[{"id":395,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/231\/revisions\/395"}],"up":[{"embeddable":true,"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/pages\/223"}],"wp:attachment":[{"href":"https:\/\/sites.bu.edu\/perry\/wp-json\/wp\/v2\/media?parent=231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}