Readings in Money and Banking |
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Page 14
... individuals . For they must be willing to accept in exchange for their commodities , because of its greater mar- ketability , a good that is perhaps itself quite useless to them . This knowledge will never be attained by all members of ...
... individuals . For they must be willing to accept in exchange for their commodities , because of its greater mar- ketability , a good that is perhaps itself quite useless to them . This knowledge will never be attained by all members of ...
Page 135
... individuals to economize on their holdings of money relative to income increase velocity . For example , the increased use of credit cards could reduce individuals ' desires to hold money bal- ances and , thus , increase velocity . In ...
... individuals to economize on their holdings of money relative to income increase velocity . For example , the increased use of credit cards could reduce individuals ' desires to hold money bal- ances and , thus , increase velocity . In ...
Page 196
... individuals , which increases unemployment . If wages were free to settle at market - clearing levels , unem- ployment among such individuals would decline . " Union membership restrictions are another type of institutional barrier ...
... individuals , which increases unemployment . If wages were free to settle at market - clearing levels , unem- ployment among such individuals would decline . " Union membership restrictions are another type of institutional barrier ...
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