Funding and Unconventional monetary policy: Difference between pages

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imported>Doug Williamson
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1.
(UMP).


Medium to longer term borrowing by a non-financial undertaking to meet its operational needs.
Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.  


Historically, mechanisms for influencing the money supply have included the use of open market operations, the central bank discount rate and reserve requirements.


:<span style="color:#4B0082">'''''Fund early'''''</span>


:"... the ease with which treasurers have secured debt funding may start to lessen.
'Unconventional' monetary policy includes:
 
*Quantitative easing (asset purchase programmes)
:As panellists pointed out, the situation calls to mind the ACT's mantra: fund early, fund often and fund long."
*Forward guidance
 
*Negative interest rates
:''The Treasurer magazine, December 2018 / January 2019, p13''.
*New lending operations
 
 
 
2.
 
More generally, the provision or the sources of finance necessary for the continuing operation of an undertaking.
 
In this context, sources of finance for non-financial organisations would include, bank lenders, bondholders and shareholders.
 
 
3.
 
More broadly, sources of finance including certain other creditors, as well as bank lenders, bondholders and shareholders.
 
 
4. ''Pensions.''
 
The provision in advance for future liabilities in a defined benefit pension scheme by the accumulation of assets.
 
 
5. ''Banking.''
 
In the banking context, sources of funding include retail customer deposits and equity, as well as wholesale and longer term borrowings.
 
Banks' funding - very broadly - can be categorised as 'own funds' or 'borrowed funds'.




== See also ==
== See also ==
* [[Accrued benefits funding method]]
* [[Forward guidance]]
* [[Available Stable Funding]]
* [[Lending operations]]
* [[Borrowed funds]]
* [[Negative interest rate policies]]
* [[Capital]]
* [[Quantitative easing ]]
* [[Defined benefit pension scheme]]
* [[Reserve requirements]]
* [[ESG funding]]
* [[Sterling Monetary Framework]]
* [[FFL]]
* [[Supply side policy]]
* [[Flighty]]
* [[Zero lower bound]]
* [[Fund]]
* [[ZLB problem]]
* [[Funding concentration risk]]
* [[Funding level]]
* [[Funding liquidity risk]]
* [[Funding management]]
* [[Funding method]]
* [[Funding ratio]]
* [[Funding risk]]
* [[Funding stack]]
* [[Funds]]
* [[Liquidity]]
* [[Loan to stable funding ratio]]
* [[Net Stable Funding Ratio]]
* [[Prospective benefits funding method]]
* [[Own funds]]
* [[Required Stable Funding]]
* [[Scheme Specific Funding]]
* [[Stability]]
* [[Statement of funding principles]]
* [[Statutory funding objective]]
* [[Sticky]]
* [[Term out]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Corporate_finance]]
[[Category:Long_term_funding]]
[[Category:Investment]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 20:27, 8 June 2020

(UMP).

Monetary policy is central government or other policy to stimulate or otherwise influence economic activity by influencing money supply or interest rates.

Historically, mechanisms for influencing the money supply have included the use of open market operations, the central bank discount rate and reserve requirements.


'Unconventional' monetary policy includes:

  • Quantitative easing (asset purchase programmes)
  • Forward guidance
  • Negative interest rates
  • New lending operations


See also

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