The Art of Central BankingFrench monetary policy.--Speculation and collapse in Wall street.--Consumers' income and outlay.--The art of central banking.--Money and index numbers.--Mr. Keynes's Treatise on money.--International short-term investment.--Remedies for unemployment. |
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abroad absorption of cash additional amount assets bank advances Bank of England Bank of France Bank rate bills borrowing buying capital outlay cause cent central bank cheap money compression consumers consumption cost credit expansion credit relaxation credit restriction crisis currency dealers deflation demand deposits depression discount effect equilibrium excess export factors of production fall of prices favourable Federal Reserve Banks Federal Reserve system finance fluctuations foreign exchange foreign exchange market foreign money foreign trade products forward exchange gold reserve gold standard Government hold home trade products income and outlay industry inflation inflow investment market investors Keynes Keynes's lending loans London ment milliards millions monetary note issue output price level profits proportion purchases rate of interest rediscount reduced release cash release of cash result rise of prices savings securities sell shares short-term speculators stabilisation stocks sumers supply tion value of gold wages windfall gain



