Readings in Money and Banking |
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Page 71
... York did so in the 1830s , with the rest starting in 1849 or later . ་ ་. The free banking laws specified acceptable assets that could be deposited . They generally allowed deposits on- ly of selected state bonds , known as state stocks ...
... York did so in the 1830s , with the rest starting in 1849 or later . ་ ་. The free banking laws specified acceptable assets that could be deposited . They generally allowed deposits on- ly of selected state bonds , known as state stocks ...
Page 127
... York's financial problems continue , a solution of sorts has been worked out with a promise by the federal government to guarantee a portion of New York's debt . Even so , this case provides dramatic evi- dence that investments in state ...
... York's financial problems continue , a solution of sorts has been worked out with a promise by the federal government to guarantee a portion of New York's debt . Even so , this case provides dramatic evi- dence that investments in state ...
Page 250
... York . According to Barry Wigmore , it was the Federal Reserve , rather than commercial banks , that needed and pleaded for a bank holiday , which was finally declared by New York's Governor Lehrman on March 4 , precipitating the ...
... York . According to Barry Wigmore , it was the Federal Reserve , rather than commercial banks , that needed and pleaded for a bank holiday , which was finally declared by New York's Governor Lehrman on March 4 , precipitating the ...
Contents
Why Bother? | 3 |
The Theory of Money | 12 |
The Evolution of | 23 |
Copyright | |
18 other sections not shown
Common terms and phrases
assets balance bank failures bank notes Bank of England bank's bankers banking crises banking panics banking system bonds borrow branch banking capital cash central bank changes charter circulation clearinghouse commercial banks commodity money costs countries crisis currency demand deposits deposit insurance depositors discount dollar economic economists effect excess demand exchange Federal Reserve Bank Federal Reserve System fractional-reserve banking free banking funds George Selgin gold standard growth rate History income increase inflation inside money institutions interest rates investment last resort lender of last liabilities loans losses ment Milton Friedman monetary authority monetary policy money supply national banks natural rate note issue noteholders operations payments percent period price level price of gold production profits purchasing power rate of interest real output real rate redeem regulation reserve requirements restrictions rise rule securities stability theory thrifts tion trade trend United value of money velocity wages wildcat banking York