Readings in Money and Banking |
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Page 23
... institutions such as clearinghouses . Because their goal is to understand the workings of a completely unregulated or " free " banking system , Selgin and White abstract from all government regulation : their hypothetical banking system ...
... institutions such as clearinghouses . Because their goal is to understand the workings of a completely unregulated or " free " banking system , Selgin and White abstract from all government regulation : their hypothetical banking system ...
Page 88
... institutions . Whatever the validity of this view applied to industry in general , there is much reason for doubting its validity with regard to the banking industry . As F. Ward McCarthy Jr. makes clear in the following essay ...
... institutions . Whatever the validity of this view applied to industry in general , there is much reason for doubting its validity with regard to the banking industry . As F. Ward McCarthy Jr. makes clear in the following essay ...
Page 116
... institutions ( banks and thrift institutions , members and non- members of the Fed ) . For transactions accounts exceeding $ 25 million , it set an initial reserve requirement of 12 percent , but authorized the Fed- eral Reserve Board ...
... institutions ( banks and thrift institutions , members and non- members of the Fed ) . For transactions accounts exceeding $ 25 million , it set an initial reserve requirement of 12 percent , but authorized the Fed- eral Reserve Board ...
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