Readings in Money and Banking |
From inside the book
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Page 35
... ( asset - monitoring and enforcement costs ) have been eroded over the centuries by the emer- gence of easy - to - observe assets , namely publicly traded securities . Insolvency is ruled out for a balance sheet without debt liabilities ...
... ( asset - monitoring and enforcement costs ) have been eroded over the centuries by the emer- gence of easy - to - observe assets , namely publicly traded securities . Insolvency is ruled out for a balance sheet without debt liabilities ...
Page 110
... assets , liabilities , and net worth . Assets are the things the unit owns . Liabilities are its debts . The net worth of the unit is calculated by subtracting its liabilities from its assets . Because liabilities represent out- side ...
... assets , liabilities , and net worth . Assets are the things the unit owns . Liabilities are its debts . The net worth of the unit is calculated by subtracting its liabilities from its assets . Because liabilities represent out- side ...
Page 111
... assets . 3. Use of one asset to purchase another changes the composition of assets , but leaves the total value of assets and net worth unchanged . Thus , the net worth and total assets of the Jones family would be unchanged if it used ...
... assets . 3. Use of one asset to purchase another changes the composition of assets , but leaves the total value of assets and net worth unchanged . Thus , the net worth and total assets of the Jones family would be unchanged if it used ...
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