Readings in Money and Banking |
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Page 94
... currency desired by some bank reformers . Moreover , it was also understood that the circulation of a na- tional currency backed by federal government securi- ties could help to create a market for government bonds and satisfy the ...
... currency desired by some bank reformers . Moreover , it was also understood that the circulation of a na- tional currency backed by federal government securi- ties could help to create a market for government bonds and satisfy the ...
Page 97
... currency backed by bank assets , and ( 3 ) to provide for the relief of liquidity crises with the circulation of an emergency currency issued under heavy taxation in order to encourage retirement after the emergency . Like the Baltimore ...
... currency backed by bank assets , and ( 3 ) to provide for the relief of liquidity crises with the circulation of an emergency currency issued under heavy taxation in order to encourage retirement after the emergency . Like the Baltimore ...
Page 323
... currency system Make it merely legal and people will be very quick indeed to refuse to use the national currency once it depreciates noticeably , and they will make their dealings in a currency they trust . Employers , in particular ...
... currency system Make it merely legal and people will be very quick indeed to refuse to use the national currency once it depreciates noticeably , and they will make their dealings in a currency they trust . Employers , in particular ...
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