Readings in Money and Banking |
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Page 135
... expected rate of inflation . Higher expected inflation will cause indi- viduals to economize on their money holdings , raising velocity . Financial Innovations Financial innovations also can produce velocity changes . In general ...
... expected rate of inflation . Higher expected inflation will cause indi- viduals to economize on their money holdings , raising velocity . Financial Innovations Financial innovations also can produce velocity changes . In general ...
Page 166
... expected to collapse yet further - the same phenomenon was present , exhibiting as through a microscope what takes place everywhere when prices are expected to rise . On the other hand , when prices are falling 30 to 40 per cent between ...
... expected to collapse yet further - the same phenomenon was present , exhibiting as through a microscope what takes place everywhere when prices are expected to rise . On the other hand , when prices are falling 30 to 40 per cent between ...
Page 184
... expected to cost $ 5250 next year . If the nominal interest rate on the car loan is still eight percent , then it ... expected rate of inflation . With five percent inflation the savings account would have to earn an eight percent ...
... expected to cost $ 5250 next year . If the nominal interest rate on the car loan is still eight percent , then it ... expected rate of inflation . With five percent inflation the savings account would have to earn an eight percent ...
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