Money and Banking |
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Page 234
... determined is quite lengthy ; the next four chapters are , in essence , devoted to precisely this issue . For our immediate purpose , it is sufficient simply to note that the reserve base of the banking system is determined primarily by ...
... determined is quite lengthy ; the next four chapters are , in essence , devoted to precisely this issue . For our immediate purpose , it is sufficient simply to note that the reserve base of the banking system is determined primarily by ...
Page 305
... determined through the interactions of the public , commercial banks , and the Federal Reserve System . But if this ... determine the reserve base B. Then with m stable and B under the control of the Fed , the Fed can clearly control M ...
... determined through the interactions of the public , commercial banks , and the Federal Reserve System . But if this ... determine the reserve base B. Then with m stable and B under the control of the Fed , the Fed can clearly control M ...
Page 472
... determined by forces within the economy . Although this general description of the money creating process is valid , nevertheless it may be misleading for two reasons . In the first place , the value of the money multiplier is not ...
... determined by forces within the economy . Although this general description of the money creating process is valid , nevertheless it may be misleading for two reasons . In the first place , the value of the money multiplier is not ...
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Common terms and phrases
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