Money and Banking: An Introduction to the Financial System |
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Page 500
... interest ) neoclassical analysis added two factors . 1. The effect of purely monetary forces on the rate of interest . In other words , the effect on interest rates of increases or de- creases in the stock of money brought about by a ...
... interest ) neoclassical analysis added two factors . 1. The effect of purely monetary forces on the rate of interest . In other words , the effect on interest rates of increases or de- creases in the stock of money brought about by a ...
Page 501
... interest said that the rate of interest is determined not only by the schedule of savings and investment but also by changes in the volume of money ( M ) and changes in the desire to hoard ( H ) ; in symbols i = f ( I , S , M , H ) For ...
... interest said that the rate of interest is determined not only by the schedule of savings and investment but also by changes in the volume of money ( M ) and changes in the desire to hoard ( H ) ; in symbols i = f ( I , S , M , H ) For ...
Page 504
... interest - bearing securities or other evidences of debt . But , whereas hoarding had been regarded as a more or less irrational impulse which could be ... interest rate , the greater will be the expectations 504 MONEY , INTEREST AND INCOME.
... interest - bearing securities or other evidences of debt . But , whereas hoarding had been regarded as a more or less irrational impulse which could be ... interest rate , the greater will be the expectations 504 MONEY , INTEREST AND INCOME.
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect equilibrium excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities hold important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York