The price half-way between the two prices, or the average of both buying and selling prices offered by the market makers. The smallest increment of market price movement possible in a given futures contract. Minimum Reserve Reserves required to be deposited at central banks by commercial banks and other financial institutions. Sometimes referred to as Registered Reserves. A mismatch between the interest rate maturities of a banks assets and liabilities.
Forward purchases differ in the value date from the forward sales in a given currency.
A school of economics which believes that strict control of money supply is the principal tool for implementing monetary policy, especially against inflation. Policies include cuts in public spending and high interest rates. Monetary Base Currency in circulation plus banks' required and excess deposits at the central bank. A modest loosening of monetary constraint by changing interest rate, money supply, deposit ratios. Monetary Policy A central bank's management of a country's money supply.