Readings in Money and Banking |
From inside the book
Results 1-3 of 77
Page 83
... percent , and the maximum known loss rate on notes issued by an Indiana bank that failed in 1854 and 1855 is 20 per- cent . This average loss rate in failed banks is far less than the discount rates of at least 25 percent on almost all ...
... percent , and the maximum known loss rate on notes issued by an Indiana bank that failed in 1854 and 1855 is 20 per- cent . This average loss rate in failed banks is far less than the discount rates of at least 25 percent on almost all ...
Page 184
... percent . Thus , the car that can be purchased for $ 5000 this year is expected to cost $ 5250 next year . If the nominal interest rate on the car loan is still eight percent , then it clearly pays to buy the car now if you were ...
... percent . Thus , the car that can be purchased for $ 5000 this year is expected to cost $ 5250 next year . If the nominal interest rate on the car loan is still eight percent , then it clearly pays to buy the car now if you were ...
Page 300
... percentage deviations of real per capita income from trend was 2.14 percent from 1870 to 1913 and 3.75 percent from 1919 to 1979 ( excluding 1939-45 ) . As in the U.K. case , U. S. real per capita income was more stable under the gold ...
... percentage deviations of real per capita income from trend was 2.14 percent from 1870 to 1913 and 3.75 percent from 1919 to 1979 ( excluding 1939-45 ) . As in the U.K. case , U. S. real per capita income was more stable under the gold ...
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