Money and Economic Activity, Readings in Money and Banking

amount assets average balances bank credit bank reserves bankers banking system billion bills bonds borrowing capital cash cent central bank changes commercial banks Committee competition consumer cost debt decline deficit demand deposits discount rate discount window dollars economic effect employment excess reserves expansion expected expenditure factors Federal Reserve Bank Federal Reserve System financial institutions firms fiscal policy free reserves funds gold government securities growth hold important income increase inflation inflationary interest rates investment investors issues Keynesian lenders lending less liabilities liquidity loans long-term losses maturity member banks ment monetary policy money market strategy money supply mortgages nomic open market operations output period portfolios price level prime rate problem profits purchase ratio rediscount reduce regulation required reserves reserve requirements result rise savings sector shift short-term spending stability structure tend theory tion tive Treasury velocity wages yields