Money, Financial Institutions, and the Economy: A Book of Readings

accounts amount balance of payments bank reserves bank's bankers banking system billion Board of Governors borrowing capital cash cent central bank changes commercial banks Committee consumer countries currency dealers debt management deficit demand deposits depression discount rate discount window dollar economic effect employment excess reserves expansion expenditure Federal funds market Federal Reserve Bank Federal Reserve System fiscal policy foreign government securities growth high-powered money hold important income increase individual banks inflation influence institutions instruments interest rates intermediaries investment investors lending liquid assets long-term maturity member banks ment monetary authorities monetary policy money market money supply mortgage open market operations period portfolio pressure problem profit purchase ratio reason rediscounting reduce reserve positions reserve requirements result rise savings and loan savings deposits sell shift short-term spending stability stock of money tend theory tion transactions United York