The Banking Currency Problem in the United States
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In our eReader you can find the full English version of the book. Read The Banking Currency Problem in the United States Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Banking Currency Problem in the United States
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If, how- ever, when an unusual amount of currency is de- manded by the public for use as a circulating medium, the banks could issue notes instead of pay- ing out lawful money from their reserves, they could by this means prevent the depletion of their reserves and could avoid the necessity of redu,cing largely their loans and discounts and their deposit liabili- ties. Therefore, the issue of bank-notes is a potent 28 IN THE UNITED STATES means of preventing a reduction of reserves and a contra...ction of the credit power of the banks when an unusual amount of currency is needed for circulation.
The issue of bank-notes is available, not only as a means of preventing a reduction of the reserves of the banks and the consequent large contraction of their credit power, but also as a means of in- creasing bank reserves, and of causing a large ex- pansion of the power of the banks to grant credits.
If, when there is no demand for an unusual amount of circulating currency, bank-notes cotdd be issued and kept in circulation in substitution for lawful money, the lawful money displaced by the notes would accumulate in the banks, thereby increasing their reserves and causing a large increase of their power to grant credits.
What to read after The Banking Currency Problem in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Victor Morawetz to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If, how- ever, when an unusual amount of currency is de- manded by the public for use as a circulating medium, the banks could issue notes instead of pay- ing out lawful money from their reserves, they could by this means prevent the depletion of their reserves and could avoid the necessity of redu,cing largely their loans and discounts and their deposit liabili- ties. Therefore, the issue of bank-notes is a potent 28 IN THE UNITED STATES means of preventing a reduction of reserves and a contra...ction of the credit power of the banks when an unusual amount of currency is needed for circulation.
The issue of bank-notes is available, not only as a means of preventing a reduction of the reserves of the banks and the consequent large contraction of their credit power, but also as a means of in- creasing bank reserves, and of causing a large ex- pansion of the power of the banks to grant credits.
If, when there is no demand for an unusual amount of circulating currency, bank-notes cotdd be issued and kept in circulation in substitution for lawful money, the lawful money displaced by the notes would accumulate in the banks, thereby increasing their reserves and causing a large increase of their power to grant credits.
What to read after The Banking Currency Problem in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Victor Morawetz to read onlineMoreLess
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