Economics of Money and Banking

amount assets assume bank notes bank reserves billion Board of Governors borrow capital cent central bank changes chap Chapter circulation of money commercial banks commercial-loan theory commodity consumers consumption credit creation credit expansion credit instruments curve decrease deflation demand deposits deposit money derivative deposits Discuss dollar economic elastic excess reserves exchange expenditure factors Federal Reserve banks Federal Reserve notes Federal Reserve System firms full-bodied coin full-bodied money gold certificates gold reserve important increase inflationary interest rates investment issue J. M. Keynes Keynes liquidity loanable funds loans means of payment member bank reserves ment metal monetary authority monetary policy Monetary Theory money reserves money supply national income open-market price inflation production purchasing power rate of interest ratio reserve deposits reserve requirements savings security prices silver spending stability supply of money tion token coins token money transactions Treasury value of money velocity of circulation York