Readings in Money and Banking |
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Page 135
... relative to in- come . Economizing on Money Balances Other factors that cause individuals to economize on their holdings of money relative to income increase velocity . For example , the increased use of credit cards could reduce ...
... relative to in- come . Economizing on Money Balances Other factors that cause individuals to economize on their holdings of money relative to income increase velocity . For example , the increased use of credit cards could reduce ...
Page 209
... relative prices and wages and a re - adjustment to the expectation of stable prices , which presupposes a much greater flexibility of wages than exists now . What chance we have to achieve such a determination of relative wage - rates ...
... relative prices and wages and a re - adjustment to the expectation of stable prices , which presupposes a much greater flexibility of wages than exists now . What chance we have to achieve such a determination of relative wage - rates ...
Page 217
... relative to money and so prevent an excess demand for bonds relative to goods and services in the absence of an excess demand for money relative to goods and services . ) Furthermore , as Hicks's theory of the cost , bother , and risk ...
... relative to money and so prevent an excess demand for bonds relative to goods and services in the absence of an excess demand for money relative to goods and services . ) Furthermore , as Hicks's theory of the cost , bother , and risk ...
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