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The Endogenous Approach to Money
Money and Institutional Evolution
Premodern financial institutions and the rise
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analysis balance sheets bank liabilities bank notes Bank of England bankers banking system billion bills of exchange borrowers capital cash cent central bank certificates of deposit Chapter circulation Column commercial banks commercial paper commitments commodity money constrained country banks created credit money Currency School demand deposits discount rate discount window discussed endogenous approach endogenous money approach endogenously determined excess reserves exogenous expansion expectations expenditures Fed's fiat money financial institutions financial system firms function giro hoards ibid income increase innovation investment Keynes's Keynesian leverage ratios liquid assets liquidity preference theory loans long term bonds means of payment medium of exchange Minsky Monetarism Monetarist monetary aggregates money demand money policy money stock money supply curve Moore note issue production profit purchasing power quantity constraints quantity of money rate of growth rate of interest repurchase agreements required reserves reserve requirements rise saving spending term interest rates