ScienceGuy

The six-member panel under former RBI Governor Jalan was appointed on December 26, 2018, to review the economic capital framework (ECF) for the RBI after the Finance Ministry asked the Central Bank to transfer more surplus to the government from its excess reserves (Livemint 2019).

Role of the central bank balance sheet 1. Ultimate means of settlement: One of the interesting features of the central bank's balance sheet is that its main liabilities are banknotes and commercial bank reserves, which are a form of money in the modern economy.

- Based on the book by Niall Ferguson According to Friedrich Engels and Karl Marx, money was merely an instrument of capitalist exploitation. I, personally, would not disagree with them too much.

-  by  Ben Bernanke in  G eorge Washington University   Money market funds (MMMFs) are investment companies that sell shares and invest the proceeds in short-term assets. MMMFs historically has almost always maintained stable 1 dollar share prices, so they act very much like a bank.

-  Based on  Lecture (4) by  Ben Bernanke in  G eorge Washington University   This lecture discusses monetary policy responses to the recession, the sluggish recovery, post-crisis changes in financial regulation, and implications of the crisis for central bank practice.

-  Based on  Lecture (3) by  Ben Bernanke in  G eorge Washington University   This lecture describes the financial crisis, its implications and the policy responses by the federal reserve. 

-  Based on  Lecture (2) by  Ben Bernanke in  G eorge Washington University   This lecture explains the development of central banking after world war 2, focusing on the origins of the recent financial crisis (2008-09).