Readings in Money and Banking |
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Page 44
... Bank of England , which was thus already beginning to acquire the characteristics of a Central Bank . The process of the Government raiding the Bank's larder eventually culminated in the suspension of the convertibility of the Bank's ...
... Bank of England , which was thus already beginning to acquire the characteristics of a Central Bank . The process of the Government raiding the Bank's larder eventually culminated in the suspension of the convertibility of the Bank's ...
Page 78
... bank with reckless operations . The bank's ratio of notes to capital is one , and the bank has sufficient bonds deposited to pay off noteholders and a substantial loan portfolio . The loans just happen to be loans to the bank's owners ...
... bank with reckless operations . The bank's ratio of notes to capital is one , and the bank has sufficient bonds deposited to pay off noteholders and a substantial loan portfolio . The loans just happen to be loans to the bank's owners ...
Page 112
... bank . Each of these acts affects the bank's balance sheet on the asset side . To show the changes prior to displaying the revised balance sheet we employ what is known in the trade as a T - account . The T - account is a record of the ...
... bank . Each of these acts affects the bank's balance sheet on the asset side . To show the changes prior to displaying the revised balance sheet we employ what is known in the trade as a T - account . The T - account is a record of 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