Banking and Monetary StudiesDeane Carson R. D. Irwin, 1963 - 441ÆäÀÌÁö The collection of essays, written by 25 professional economists, deals with history, theory, policy and contemporary problems of US monetary and banking institutions. |
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24 ÆäÀÌÁö
... money available for bank reserves . Although the notes did not satisfy ... money outstanding in the United States therefore com- prised , before 1914 , specie ... supply and the world demand was falling . Together these two groups pushed ...
... money available for bank reserves . Although the notes did not satisfy ... money outstanding in the United States therefore com- prised , before 1914 , specie ... supply and the world demand was falling . Together these two groups pushed ...
25 ÆäÀÌÁö
... money supply . TABLE 1 SOURCES OF CHANGE IN HIGH - POWERED MONEY AS A PERCENTAGE OF TOTAL HIGH - POWERED MONEY Average Rate for Selected Fiscal Years ( Percentage per Year ) PERIOD TOTAL RATE OF CHANGE MONETARY TREASURY OPERATIONS ...
... money supply . TABLE 1 SOURCES OF CHANGE IN HIGH - POWERED MONEY AS A PERCENTAGE OF TOTAL HIGH - POWERED MONEY Average Rate for Selected Fiscal Years ( Percentage per Year ) PERIOD TOTAL RATE OF CHANGE MONETARY TREASURY OPERATIONS ...
37 ÆäÀÌÁö
... money with a view to evening out business fluctuations . This is a worthy goal , but it goes far beyond what critics of the National Bank- ing System had in mind . If they had any grandiose plan , typically it was to supply credit ...
... money with a view to evening out business fluctuations . This is a worthy goal , but it goes far beyond what critics of the National Bank- ing System had in mind . If they had any grandiose plan , typically it was to supply credit ...
65 ÆäÀÌÁö
... money supply . " Since men's minds were then concentrated on bank notes , the legisla- tion of one hundred years ago did not take into account the role of bank deposits in the money supply ( primarily net demand deposits subject to ...
... money supply . " Since men's minds were then concentrated on bank notes , the legisla- tion of one hundred years ago did not take into account the role of bank deposits in the money supply ( primarily net demand deposits subject to ...
67 ÆäÀÌÁö
... supply . Neither would it nor should it involve pegging of rates nor attempts to prescribe a pattern of rates extending throughout the rate structure . But it would mean nudging a sticky market in the directions indicated by the ...
... supply . Neither would it nor should it involve pegging of rates nor attempts to prescribe a pattern of rates extending throughout the rate structure . But it would mean nudging a sticky market in the directions indicated by the ...
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adjustment analysis average bank credit bank loans bank notes bank reserves bank's bankers banking system behavior branch banking business loans capital cash changes coefficients commercial banks commercial paper consumer corporate correlation cost country banks debt debt-income ratios decline demand deposits discount rate discount window discrimination earning assets economic effective reserves equation excess reserves expansion Federal Reserve Bank Federal Reserve System finance companies financial institutions firms flow-of-funds funds government securities growth income increase individual banks interest rates investment Keynesian legal reserve ratios lending liabilities liquid assets loose banks marginal McFadden Act member banks ment merger million monetary authorities monetary policy money stock money supply mortgage national banks nonbank open-market operations payments percent period portfolio profit regression relative reserve requirements savings sector shift short-term significant small borrowers statistical Table tend theory tight banks tight money tion Treasury unit banks variable velocity York
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147 ÆäÀÌÁö - ... constant." Now this it is not; and its failure to be so, first during and after World War I and then, to a lesser extent, after the crash of 1929, helped greatly to foster the reaction against the quantity theory. The studies in this volume...
147 ÆäÀÌÁö - ... over short periods in the stock of money and in prices, the one is invariably linked with the other and is in the same direction; this uniformity is, I suspect, of the same order as many of the uniformities that form the basis of the physical sciences. And the uniformity is in more than direction. There is an extraordinary empirical stability and regularity to such magnitudes as income velocity that cannot but impress anyone who works extensively with monetary data. This very stability and regularity...
148 ÆäÀÌÁö - ... of money. It is possible, for example, to demonstrate statistically that during the last few years the volume of spending has greatly increased while the supply of money has hardly changed: the velocity of money has increased.
47 ÆäÀÌÁö - System shall retain its full charter and statutory rights as a State bank or trust company, and may continue to exercise all corporate powers granted it by the State in which it was created, and shall be entitled to all privileges of member banks...
143 ÆäÀÌÁö - In brief, the amount of money desired may not increase when the rate of interest falls, even though the amount of liquidity desired does increase. At least part of the accumulation of liquidity is likely to take the form of interest-bearing near monies instead of nonearning cash. In comparison with Model B, the demand for idle cash balances will have contracted throughout the range of interest rates, even though the liquidity preference function may have remained stable. Under these circumstances,...
376 ÆäÀÌÁö - Federal Reserve Operations in the Money and Government Securities Markets (New York: Federal Reserve Bank of New York, 1956), esp.
146 ÆäÀÌÁö - Restatement," in Studies in the Quantity Theory of Money, and Chapter 1 in A Program for Monetary Stability. Friedman prefers to view the Quantity theory as a theory of the demand for money rather than a theory of income determination, with the addition of the supply of money necessary before income can be determined. However, this is a purely semantic matter. In the same sense, neither is orthodox Keynesian theory a theory of income determination until the supply of money is given.
139 ÆäÀÌÁö - ... the form of the Quantity theory of money, had been concerned almost exclusively with the determination of the general level of prices, to the neglect of the influence of money on real output and employment. As expressed by Jean Bodin in 1569, through John Locke, David Hume, David Ricardo, John Stuart Mill, and Irving Fisher, the Quantity theory had always stressed that the supply of money determined primarily the absolute price level. The velocity of money was held to be an institutional datum...
145 ÆäÀÌÁö - The factor which monetary policy should seek to influence or control is something that reaches far beyond what is known as 'the supply of money.
145 ÆäÀÌÁö - Central Banking and Money Market Changes," Quarterly Journal of Economics, Vol.