The Federal Reserve and International Banking
The purpose of this chapter is to relate the growth in U.S. international banking activity to the evolving role of the Federal Reserve as a stabilising force in U.S. domestic and foreign economic relationships. An increased international commitment on the part of U.S. banks, and the changes that have taken place in the structure of the international financial markets present challenges and opportunities for the Federal Reserve. While conditions and problems are changing, Federal Reserve objectives remain essentially intact, including the pursuit of domestic economic stability and the preservation of reasonably well-balanced international payments relationships.
KeywordsMonetary Policy Central Bank Federal Reserve European Central Bank Foreign Asset
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