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The Logic of Money and Finance
Money supply control in the U K
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accelerated action aggregate American analysis assets assume authorities balance become borrowing British called capital cash cent central bank changes Chapter claims clearing banks companies concerns consequences continue cost countries course currency deficit demand deposits developed discount dividends dollar earnings economic effects efficient equilibrium example excess expansion expected expenditure extent fall Federal Reserve flow force funds growth higher holdings important income increase industry inflation interest interest rates investment lead least less liabilities liquidity loans measured monetary money-supply natural operating output perhaps portfolio position problems profit properties public sector rational reduce reflect relative response result rise savings scenario sector securities sense share simply social spending supply theory tion trade unemployment United