Money and Banking |
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Page 206
... demand deposits ( checking accounts ) held by commercial banks . To see that demand deposits are , in fact , money , run through the checklist of the functions of money : ( 1 ) Are demand deposits a medium of exchange ? Clearly they are ...
... demand deposits ( checking accounts ) held by commercial banks . To see that demand deposits are , in fact , money , run through the checklist of the functions of money : ( 1 ) Are demand deposits a medium of exchange ? Clearly they are ...
Page 229
... demand deposits , a ratio of required reserves to de- posits $ 667 : $ 3,333 , or 1 : 5 . Viewed in this fashion , the question we need to ask is , What is the leakage from the demand deposit expansion process when time deposits are ...
... demand deposits , a ratio of required reserves to de- posits $ 667 : $ 3,333 , or 1 : 5 . Viewed in this fashion , the question we need to ask is , What is the leakage from the demand deposit expansion process when time deposits are ...
Page 238
... demand for excess reserves.1 10 THE TIME DEPOSIT RATIO T The time deposit ratio t has received surprisingly little attention in the empirical literature of economics . What few results we do have must be described as highly tentative ...
... demand for excess reserves.1 10 THE TIME DEPOSIT RATIO T The time deposit ratio t has received surprisingly little attention in the empirical literature of economics . What few results we do have must be described as highly tentative ...
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accounts amount analysis assets average balance of payments bank reserves bank's bankers banking system banks per town bond borrowing branch banking capital cash Chapter coefficient commercial banks corporations currency curve decrease demand deposits demand for money dollars economists economy employment equilibrium example excess reserves exchange rate FDIC Federal Reserve System Figure financial institutions function funds gold government securities holding companies increase inflation interest rates investment investor issue Keynesian liabilities liquidity long-term maturity member bank reserves merger million monetary policy money market money supply national banks national income number of banks open market operations percent portfolio profit quantity of money quantity theorists question rate of interest real bills doctrine real sector regression analysis regression equation relationship reserve requirements S&Ls savings deposits schedule sell short-term statistical Table tion transactions Treasury bills unit banking United States government yield curve