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Official reserve transactions |
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Official reserve transactionsTransactions by a central bank that cause changes in its official reserves. These are usually purchases or sales of its own currency in the exchange market in exchange for foreign currencies or other foreign-currency-denominated assets. In the balance of payments a purchase of its own currency is a credit (+) and a sale is a debit (-).Similar MatchesIntrabudgetary transactionsIntrabudgetary transactionsEffected when payment and receipt both occur within the budget, or when payment is made from off-budget federal entities whose budget authority and outlays are excluded from the budget totals. Interfund transactionsInterfund transactionsFinancial arrangements effected by payments made from one fund group (either Federal funds or trust funds) to another group. Transactions costsTransactions costsThe time, effort, and money necessary, including such things as commission fees and the cost of physically moving the asset from seller to buyer. Transactions costs should also include the bid/ask spread as well as price impact costs (for example a large sell order could lower the price). Related: Round-trip transactions costs, information costs, search costs. Federal intrafund transactionsFederal intrafund transactionsIntrabudgetary transactions in which payments and receipts both occur within the same Federal fund group. Transactions motiveTransactions motiveA desire to hold cash in order to conduct cash-based transactions. Further SuggestionsRound trip transactions costs |
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