Readings in Money and Banking |
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Page 188
... fall and therefore interest rates fall . We may now tie together the effects of changes in the money stock on interest rates . When money growth first expands it tends to generate a business boom , as discussed in Chapter 4 , and this ...
... fall and therefore interest rates fall . We may now tie together the effects of changes in the money stock on interest rates . When money growth first expands it tends to generate a business boom , as discussed in Chapter 4 , and this ...
Page 215
... fall or further fall in prices and wages - at least , so says the theory of the Pigou effect.10 While stickily falling prices and wages are a symptom of an excess demand for money , a sufficient fall in prices and wages would be a cure ...
... fall or further fall in prices and wages - at least , so says the theory of the Pigou effect.10 While stickily falling prices and wages are a symptom of an excess demand for money , a sufficient fall in prices and wages would be a cure ...
Page 284
... fall automatically as the volume of deposits rises or falls ; and minimum " liquidity " ratios , where cash and near - moneys are lumped together as reserve assets and compared with the volume of deposits . In the United States the ...
... fall automatically as the volume of deposits rises or falls ; and minimum " liquidity " ratios , where cash and near - moneys are lumped together as reserve assets and compared with the volume of deposits . In the United States 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