MONEY, BANK CREDIT, AND ECONOMIC CYCLES phần 2 ppsx

... and was therefore inadequate to meet the bank s obligations during the recession period. 62 The Medici Bank eventually failed and all 74 Money, Bank Credit, and Economic Cycles 61 Ibid., p. 23 9. 62 Hence, ... by England’s inability to repay its loans and the drastic fall in the 70 Money, Bank Credit, and Economic Cycles in effect, and contrary to the o...

Ngày tải lên: 09/08/2014, 19:21

... revealed the economic equivalence of bank bills and deposits and did so more explicitly than even Condy Raguet. Specifically, Gallatin wrote: 626 Money, Bank Credit, and Economic Cycles 48 Reprinted ... Molina and 608 Money, Bank Credit, and Economic Cycles 11 Perhaps it is Juan de Lugo who most clearly and concisely expresses this principle, as we saw in...

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... deposit and hands over the money based on that assumption, and the other receives the money as if it were a loan or mutuum and based on that 140 Money, Bank Credit, and Economic Cycles 25 Coppa-Zuccari, ... equal quantity and quality (the tantundem). Nevertheless, even though a 178 Money, Bank Credit, and Economic Cycles [t]he bank is expert on where its lo...

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... Institute, 20 00), pp. 27 and 62. 27 2 Money, Bank Credit, and Economic Cycles just before they were reached, and therefore no end would ever be achieved and human action would be senseless. 9 CAPITAL AND ... by the other banks, as shown in Table IV -2. If all of the banks expand credit simultaneously, Bank A’s journal entries would appear as follows: 26 8 Money,...

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... profit and interest. 52 330 Money, Bank Credit, and Economic Cycles 50 See David Ricardo, The Works and Correspondence of David Ricardo, vol. 1: On the Principles of Political Economy and Taxation, ... económico y función empresarial, chaps. 2 and 3. 338 Money, Bank Credit, and Economic Cycles TABLE V-4 G ROSS INCOME AND NET INCOME FOR THE YEAR (following...

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... exactly when and under 4 62 Money, Bank Credit, and Economic Cycles 62 Machlup, The Stock Market, Credit and Capital Formation, p. 92. This book by Machlup is essential to understanding the cycle’s ... determinants of eco- nomic activity. 27 428 Money, Bank Credit, and Economic Cycles 27 F.A. Hayek, “Intertemporal Price Equilibrium and Movements in the Val...

Ngày tải lên: 09/08/2014, 19:21

... money. 50 Nevertheless 5 42 Money, Bank Credit, and Economic Cycles and also “Business Cycles: Real Facts and Monetary Myth,” Federal Reserve Bank of Minneapolis Quarterly Review 14 (1990): 3–18. Authors of these and ... every good and 5 32 Money, Bank Credit, and Economic Cycles 32 Murray N. Rothbard argues that the “general price level,” P, is a weighte...

Ngày tải lên: 09/08/2014, 19:21

... of effective money and its value. 23 7 32 Money, Bank Credit, and Economic Cycles 22 Simons, “Rules versus Authorities in Monetary Policy,” p. 181; reprinted as chapter 7, Economic Policy for ... expansion of credit, from prom- issory notes and their monetization, and from the specula- tion this expansion fueled and made possible. 16 728 Money, Bank Credit,...

Ngày tải lên: 09/08/2014, 19:21

... (Modena, 1901), vol. 6. 818 Money, Bank Credit, and Economic Cycles ——, “Hayek’s Best Test of a Good Economist,” Procesos de Mercado 1, no. 2 (Autumn, 20 04): 121 24 . Reprinted as chapter 19 in ... 5, nos. 2 and 3 (June–September 1994): 379–91; Spanish version, “La teoría del banco central y de la banca libre” Chapter 11 8 32 Money, Bank Credit, and Economic Cy...

Ngày tải lên: 09/08/2014, 19:21