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The Logic of Money and Finance
Money Supply Control in the U S
Money Supply Control in the U K
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accelerated action aggregate American analysis assume balance Bank of England become borrowing British cash cent central bank central-bank credit Chapter cheque claims clearing banks clearing-bank companies cost of capital currency current account deficit demand developed direcdy discount disintermediation dividends dollar earnings economic policy economic theory economists effects efficient efficient-market hypothesis equilibrium euro-currency euro-dollar excess expected expenditure Federal Reserve funds rate funds-rate growth higher income incomes policies increase Industrial Sector inefficient inflation inflation-expectations interest rates investment J. M. Keynes labour less liabilities liquid assets loans monetarist monetary base monetary expansion monetary policy money-growth money-supply open-market operations output p/e ratios portfolio private sector profit public sector public spending Pure Service random rate of interest rational rational expectations re-intermediation regime relative savings scenario share prices special deposits stipulations superego supply technical analysis tion U.S. dollar unemployment upshot