Money and Economic Activity: Readings in Money and Banking

amount average balance sheet bank credit bank reserves banker banking system billion borrowers budget capital cash cent central bank changes commercial banks consumer credit control corporations cost countries crease currency demand deposits depositors discount rate dollars earnings economic effect employment excess reserves expansion expenditures Federal Reserve Bank Federal Reserve System firms fiscal policy fluctuations free reserves funds gold government securities growth higher hold important income increase inflation inflationary interest rates intermediaries investment investors issues lenders lending liabilities liquidity loans long-term losses market operations maturity member banks ment mone monetary policy money market money supply offset open market open-market operations output percent period portfolio price level problem production profits purchases rediscount reduce repurchase agreements reserve position reserve requirements result rise savings sectors sell short-term spending stability sumer tend tion tive Treasury bills Treasury securities United velocity volume wage yields