Readings in Money and Banking |
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Page 27
... actual withdrawal de- mands with high probability even though any single account may be removed without notice . ( Interestingly , these conditions may also be met in the warehousing of standard - quality grain , so that fractional ...
... actual withdrawal de- mands with high probability even though any single account may be removed without notice . ( Interestingly , these conditions may also be met in the warehousing of standard - quality grain , so that fractional ...
Page 138
... actual holdings of real money un- changed . As a result , the individual must adjust actual money holdings to his new desired holdings . Such an adjustment is costly , so the adjustment may progress ( perhaps slowly ) over time ...
... actual holdings of real money un- changed . As a result , the individual must adjust actual money holdings to his new desired holdings . Such an adjustment is costly , so the adjustment may progress ( perhaps slowly ) over time ...
Page 215
... actual . Poverty would be suppressing it . The situation would correspond to the somewhat misnamed Keynesian " underemployment equi- librium , " in which excess intended saving is being suppressed by the low level of income . In this ...
... actual . Poverty would be suppressing it . The situation would correspond to the somewhat misnamed Keynesian " underemployment equi- librium , " in which excess intended saving is being suppressed by the low level of income . In this ...
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