MoneyAccount of the nature of money and the development of monetary theory and of modern institutions; for graduate or undergraduate university students. |
Contents
COINS | 16 |
NOTES AND BANK DEPOSITS | 24 |
FOREIGN EXCHANGE | 66 |
EROSION OF THE GOLD STANDARD | 95 |
INTRODUCTORY | 149 |
THE KEYNESIAN REVOLUTION | 162 |
GROWTH THEORY | 185 |
EXTERNAL EQUILIBRIUM THEORY | 206 |
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Common terms and phrases
adjustment American amount assets authorities balance of payments Bank of England Bank Rate bimetallic borrowing Britain British bullion cash cause central bank circulation coins commercial banks convertible countries deflation demand deposits dollars domestic economy effect elasticity equation equilibrium Euro-dollar market exchange rate exports external balance external deficit Federal Reserve System finance fiscal policy foreign exchange market French franc full employment gold standard Government held hold important incomes policy increase inflation inflationary inflow interest rates International Monetary investment issue Keynes Keynes's lending liquidity loans matter ment million monetary policy monetary system money supply natural rate normally notes official open market operations outflow owing parity period position precautionary price level price of gold production quantity theory question rate of interest ratio regarded relation reserve currency rise saving scheme short-term capital silver sterling area surplus tion trade Treasury Bills United Kingdom wage