Economics of Money and Banking

amount assets assume bank notes bank reserve banking system billion borrowing capital cent central bank changes chap Chapter circulation of money commercial banks commodities consumers consumption created credit creation credit expansion credit instruments currency curve debt decrease deficit deflation demand deposits deposit money depreciation Discuss dollar domestic elastic excess reserves exchange control exchange rates exports Federal Reserve banks Federal Reserve notes Federal Reserve System finance fluctuations foreign exchange foreign exchange market gold certificates gold reserve gold standard gold-flow mechanism important increase inflationary interest rates International Monetary International Monetary Fund international payments J. M. Keynes liquidity loanable funds loans ment monetary authority monetary policy money reserves national income period price inflation price level problem production purchasing power rate of interest ratio reserve requirements rise savings short-term silver spending stability supply of money theory tion token money transactions Treasury United velocity of circulation wages York