C***x
发帖数: 468 | 1 Repo是指借钱给银行吧？通常是什么长度(30天？5年?）
Discount window借出是否是Repo做法的一个子集？
买卖Treasury vs Repo， 哪个是控制Money Supply的主要手段？
Open Market Operations 指的是买卖Treasury还是也包含Repo的操作？ |
r**u
发帖数: 69 | 2
repo is to borrow/lend with collateral. it can be 1 day up to 3 year.
there might be even longer term, but that's not common. also,
repo is common funding method, it's not limited to fed open market.
When Fed lends to market, it uses discount rate.
I believe that Fed takes in only treasury as collateral.
During the subprime liquid crisis, there was some talk that
the fed should take in mortage as collateral, but that's not
happening so far.
buy/sell treasury is the main control method of money
【在 C***x 的大作中提到】
: Repo是指借钱给银行吧？通常是什么长度(30天？5年?）
: Discount window借出是否是Repo做法的一个子集？
: 买卖Treasury vs Repo， 哪个是控制Money Supply的主要手段？
: Open Market Operations 指的是买卖Treasury还是也包含Repo的操作？
|
C***x
发帖数: 468 | 3 谢谢。其实我是想问一般Fed的Repo是什么Term. 有没有集中在比如2年，一年这样。
那我那个问题，discount window, 现在是30天了，也是用repo形式的吧？ |
r**u
发帖数: 69 | 4 repo with fed is rare, because the rate is usually higher than fed fund
market and it's also frowned upon by fed. so, i really don't know anymore
detail about repo with fed.
【在 C***x 的大作中提到】
: 谢谢。其实我是想问一般Fed的Repo是什么Term. 有没有集中在比如2年，一年这样。
: 那我那个问题，discount window, 现在是30天了，也是用repo形式的吧？
|
C***x
发帖数: 468 | 5 不会吧，好像几十几十billion的maturing喔，怎么会rare.
【在 r**u 的大作中提到】
: repo with fed is rare, because the rate is usually higher than fed fund
: market and it's also frowned upon by fed. so, i really don't know anymore
: detail about repo with fed.
|
c******s
发帖数: 58 | 6 I think he meant OMO (Open Market Operations)...
And yes, OMO is the primary way Fed controls money supply in recent years,
not the discount window.
【在 r**u 的大作中提到】
: repo with fed is rare, because the rate is usually higher than fed fund
: market and it's also frowned upon by fed. so, i really don't know anymore
: detail about repo with fed.
|
r**u
发帖数: 69 | 7 my mistake. i think i'm mixing up fed fund, discount,
and open market operations. please read
http://www.newyorkfed.org/aboutthefed/fedpoint/fed32.html
【在 C***x 的大作中提到】
: 不会吧，好像几十几十billion的maturing喔，怎么会rare.
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