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Statistical studies: light on behavior of velocity
Deposit currency and its velocity of circulation
AMOROSO, Luigi
La dynamique de la circulation, ECONOMETRICA,
Vol. 3, October, 1935, pp. A00-410.
ANDERSON, Bj!., Jr.
Bank expansion versus savings. CHASE
ECONOMIC BULLETIN, Vol. VIII, no. 2, 1928.
21 pp.
ANDERSON, B.M., Jr.
Bank expansion versus savings, CHASE ECONOMIC
BULLETIN, Vol. VIII, No. 2, 1928. Pp. 21.
ANGELL, J.V., Martin KROST, V. M. LONGSTREET, D. S.
THOMPSON, N. 0. JOHNSON
Round table on bank deposits and the business
cycle. AMERICAN ECONOMIC REVIEW, SOPPLEMENT, Vol.
30, March 1940, pp. 80-82.
ANGELL, James ¥•, Chairmanj
Krost, Martin;
Longstree^ Victor M.j Machlup, Fritzj Tirana,
Rifatj Thompson, D. S.j Johnson, N. O.j Gardner,
W. R.j Ellsworth, P. T.
"Round Table on Bank Deposits and the Business Cycle,"
THE AMERICAN ECONOMIC REVIEW, SUPPLEMENT, XXX,
March, 1940, pp. 80-82.
Papers presented at session:
Krost: American deposit movements since 1929*
Longstreet, Turnover and idle deposits;
* Machlup: Bank deposits and the stock market in the cycle
* Tirana: The behavior of bank deposits abroad.
Papers published in full in this issue of Review
Author File
ANGELL, James V.
n
Dr. Currie and the Measurement of
Deposits: a Reply,* AMERICAN ECONOMIC REVIEW, XXVIII,
March, 1938, pp. 100-102.
Bank deposits—behavior
ANUELL, Janes V.
Br. Currie end the Measurement of Deposits: A Reply, AMERICA* ECONOMIC REVIEW,
IXVIII, March 1938, pp. 100-102.
Carrie's discussion of Angell's book
BEHAVIOUR OF MOHEI, AIR, Dec. 1936.
ANGELL, J. ¥.
EXPLORATORY STUDIES.
THE BEHAVIOR OF MONEY. (New York, 1936).
chap. 5 and Appendix B: work on income
velocity
money supply defined to include all
govt, cash balances
Review: by H. S. Ellis, JOURNAL OF POLITICAL ECONOMY,
vol. U,
Oct., 1936, pp. 693-6
Author File
ANGELL, James V.
The general dynamics of money, JOUKNAL OF
POLITICAL ECONOMY, Vol- 45,
June, 1937• pp. 289-346.
Pp. 58.
ANGELL, James V.
The general dynamics of money, JOURNAL OF
POLITICAL ECONOMY, vol. 4-5, June 1937, pp. 289-346.
analysis of changes in a l l principal monetary
variables (especially of changes in size and
velocity of money stock).
ANGELL, James W.
Author File
The components of the circular velocity of
money, QUARTERLY JOURNAL OF ECONOMICS, LI,
February 1937* PP* 22^-271.
ANGELL, James W.
"The components of the circular velocity of
money," QUARTERLY JOURNAL OF ECONOMICS,
February* 1937. pp. 224-271.
Pp. 49.
If
Saving investment theory of money
Angell, James ¥»
The components of the circular velocity of
Lkoney.
(IarQuar.Jr.of Economics.Feb#1937,p.
*24-27l)
It seems unlikely that the most comprehensive
and useful explanations of absolute changes in the
stock of money are those which run in terms of the
propensity to consume,liquidity preferences or
similar factors.
Author File
ANGELL, James VI. and FICEK, K. F.
The Expansion of Bank Credit, Parts I-II,
JOURNAL OF POLITICAL ECONOMY, Vol. XLI, no. 1,
February, 1933 , pp. 1-32; and
33 PP.
April, 1933-, pp. 152-193.
The &p«s~o
Ma/. XLI
Afrit
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AJb . 1 February
'*»33
pp.
M < .
*>*rH J-
/93S pp.
/-3&j
t*2.'t<*3.
*»7 basts of qiob* ho** ctunotua
M
Money
Barber, Arthur V,
Monetary significance of deposits, the ideal
monetary system will expand and contract naturally
in response to conuminity needs• (InrBankers Magazine, April 1936,p.309-513)
A discussion of the oft repeated idea that
banks create money and credit» Deposit currency
in reality fluctuates in volume independently
and mostly in inverse ratio to the fluctuation in
the volume of bank deposits as a nrhole.
EAUDIN, L.
La v i t e s s e de l a c i r c u l a t i o n de l a
REV. ECON. INTERNAT.,
J u l y , 1933.
Pp. 32.
rnonnaie,
BEHRMAN, J. N.
The short-term interest rate and the velocity of
circulation, ECONOMETPIGA, Vol. 16, No. 2, April,
1948.
8ra<*fi»cd F. A
*****) 6*~M\ J w i a
Vet. A,I
fo,
^PjjnZfTyT'
BRADFORD, F. A.
Borroved r e s e r v e s and bank expansion, QUARTERLY
JOURNAL OF ECONOMICS,
November, 1928.
BRADFORD, F. A.
MONEY AND BANKING. Nev York:
1935.
Commercial banking as a credit mechnlsm,
see Chaps. 8-10.
BBAPFORD, F. A.
Social Aspects of Commercial Banking Theory,
AMEFTCM ECONOMIC REVIEW, XXIII, June, 1933, pp. 217-233.
Farther comments:
Beckvith, Burnham P. "Social aspects of commercial banking
theory," i b i d . , XXIII, D e c , 1933, pp. 675-676;
Bradford, F. A., i b i d . , pp. 676-677.
BRONFENBRENNER, Martin
A note on the banking system 1 s power to
lend, METROECONOMICA, Vol. V I I I , No. 1,
BURGESS, ¥. R.
"Velocity of Bank Deposits," Journal of the American
Statistical Assn., June 1923, p. 727j
also Federal Reserve Bulletin, May 1923*
BURGESS, Robert W.
•
Velocity^of bank d e p o s i t s , JOURNAL OF THE
AMERICAN STATISTICAL ASSOCIATION,
June, 1922.
BURGESS, ¥. Randolph
Velocity of Bank Deposits, JOURNAL OF THE
AMERICAN STATISTICAL ASSOCIATION, June, 1923.
See also FEDERAL RESERVE BULLETIN,
May, 1923.
*
Vel*cH>H t»-ti4Uilo„
Ass As .
JVJ,<-
& h*ii\
deposit
/&j3 j>p^ 9A 7 ~
CANNAN, EDWIK
"Bank Deposits"
EC. Vol I , No. 1
January, 1921
Vol.
T
1<i*i
f>p.2-*-3%
CLAYTON, G.
A note on the banking system* s pover to
lend, METBOECONOMICA, Vol. VIII, No. 1,
195
f
' -.
COPELAND, M. A.
Money, trade, and prices—a t e s t of causal
p r i m a c y , QUARTERLY JOURNAL OF ECONOMICS,
August, 1929.
PP« 648-666
importance of changes i n velocity
COPELAND, Morris A.
Money, trade, and prices—a test of causal
primacy, QUARTERLY JOURNAL OF ECONOMICS,
August, 1929, pp. 648-666.
changes in velocity of money
and their importance
CRICK, F.W.
"The Genesis of Bank Deposits"
EC., Vol.VIIHo. 20, June, 1927
CRICK, W. F.
The Genesis of Bank Deposits, ECONOMICA,
Jtme, 1927 •
CURRIE, Lauchlin
"A Hote on Income Velocities," QUARTERLY JOURNAL
OF ECONOMICS, Vol. AS, February, 193-4,
F«lf. /?ay
PP« 353-354.
Cvme. i kQuthbi
Member b**K
depos/h
tnJei/et/^cs%
" OjuotMtf
May
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of
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S~/>9- jur.
Corbie
, »*.
O-Ppews <*s cMup. 3
'«
*<* UifiiGJ Shfes
The Supply of
/9X-33
%
Mm^
his
Jbo<&
CANNAN, Edwin
MONEY.
5th ed., 1926.
see pp. 79-35 - denies banks "create"
money when they acquire earning asset*
CANNAN, Edvin
"The Meaning of Bank Deposits," ECONOMICA, Vol. I,
1921, pp. 28-36.
CLAYTON, G.
A Note on the Banking System's Power to
Lend, METEOECONOMICA, Vol. VII, No. 3,
1955.
CHICK, F. ¥.
"The genesis of bank deposits,* ECONOMICA, VII,
June, 1927* pp. 191-202.
Considers the question as to whether changes in bank
deposits are the result of changes in bank cash or
whether changes in bank cash are the result of changes
in bank deposits. Concludes that the former is true
and that inasmuch as the Bank of Eagland has power to
affect changes in the volume of bank cash, it therefore
has power to control the volume of bank deposits.
Abstract by V.O. Veyforth, AMERICAN ECONOMIC REVIEff,
XVII, Dec, 1927, p. 758.
C\>rr\e K*
CURRIE, Lauchlin B.
tf
A note on income velocities,w QUARTERLY
JOURNAL OF ECONOMICS,
February, 1934Pp. 2.
CURRIE, Lauchlin B,
Member bank reaerves and bank debtt^,
QUARTERLT JOURNAL OF ECONOMICS,
February, 1933.
CUPEIE, Lauchlin
Member Bank Reserves and Bank Debits,
QUARTERLY JOUPNAL OF ECONOMICS, XLVII,
February, 1933.
Pp. 3.
CURRIE, Lauchlin
Treatment of Credit in Contemporary
Monetary Theory, JOURNAL OF POLITICAL ECONOMY,
Vol. XLI, no. 1, February, 1933, pp. 58-79.
CURRIB, Lanchlln
"Treatment of credit in contemporary monetary
theory," JOURNAL OF POLITICAL ECONOMT, XLI,
February 1933, PP- 58-79.
CURRIE, L. B.
"Treatment of Credit in Contemporary Monetary Theory,"
JOURNAL OF POLITICAL ECONOMY, XLI, February 1933, pp.
58-79.
CURRIE, Lauchlin B.
Member bank indebtedness and net
demand deposits in the Federal Reserve System,
QUARTERLY JOURNAL OF ECOHOMICS,
Ma
1932.
DAHLBERG, Arthur
The velocity of bank deposits and its
relation to business cycles, ECONOMETRICA, Vol. 9,
April, 1941, pp. 181-82 (abstract only).
DAVENPORT, H. J.
Velocities, Turnovers and Prices, AMERICAN
ECONOMIC REVIEW, XX, March, 1930, pp. 9-19.
DAVENPORT, U/ 0.
Velocities, Turnorer, and Prices, AMERICAN
ECONOMIC REVIEW, XI, March, 1930.
DAVENPORT, H. J .
THE ECONOMICS OF ENTERPRISE.
1913.
New York:
Conmercial banking as a c r e d i t mechanism,
see chap. 1 7 .
DEWEY, D. R. and SHUGRDE, M. J.
BANKING AND CREDIT. New York:
1922.
Commercial banking as credit mechanism, see
Chaps. XI, H I I , XIV and XIX
DOBLIN, Ernest M.
The ratio of income to money supply: an
international survey, BEVIEW OF ECONOMICS &
STATISTICS, XXXIII, No. 3, August, 1951, pp. 200-213.
DOLLEY, J. C.
Potential expansion of bank credit,
BANKERS MAGAZINE,
November, 1934.
Pp. 5.
DOLLET, J. C.
"Potential expansion of bank credit."
BANKERS MAGAZINE,
Hovember, 1934..
5 pp.
DUNBAR, C. F.
THE THEORY AND HISTORY OF BANKING.
New York*
4th ed., 1922.
commercial banking as a credit mechanism,
see (1922 ^th e d . ) , chaps. I-IV
DUEBIN, E. F. M.
"Mr. Gilbert's defense of a constant circulation."
(With rejoinder by J. C. Gilbert). ECONGMICA,
May 1935.
7 pp.
DORBIN, E. F. M.
Mr. Gilbert's defense of a constant
circulation (with rejoinder by J. C. Gilbert),
ECONOMICA,
May, 1935.
Pp. 7.
Vol. 3 8* /Uo. i
fiuj.
C u S - /(e*t«*«<4"-«r>
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inkers
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Deporths
fi»cj»$j-
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mo
k«^/<>„</
fpp
.3?3-?o5.
EDIE, Lionel D. and VEAVER, Donald
Velocity of Bank Deposits in England, JOURNAL OF
POLITICAL ECONOMY, Vol. 38, No. A, August, 1930,
pp. 373-403.
statistical measurement of the velocity of money and
of bank deposits (Kemmerer, Fisher, Mitchell, Snyder)
ELLIS, Howard S.
"Some fundamentals in the theory of velocity,11
QUARTERLY JOURNAL OF ECONOMICS, LII, May 1938,
pp. 431-72.
£u^ H . S .
EVANS, Griffith C.
Note on the velocity of circulation of
money, ECONOMETRICA, Vol. 5, October, 1937,
pp. 385-86 (abstract only).
FEDERAL WSEOTE BANK OF PHILADELPHIA
Thirty Tears of Deposit Growth. Philadelphia:
F&B, mimeographed, June, 194A« pp. 13.
Deposits of member banks
FICEK, Karel F.
ANGELL, James W. snd.
Karel F.
F. FICEtl
FICEfc^
snd Karel
Pfl
The expansion of bank credit.
Part I, JOURNAL OF POLITICAL ECONOMY, XLI,
1933, pp. 1-32.
II, ibid., April 1933, pp. 152-93-
FISHIER, Irving
The s t a t i s t i c s of the v e l o c i t y of c i r c u l a t i o n :
a progress report, ECONOMETRICA, Vo. 15, A p r i l , 1947,
pp. 173-6*
FISHER, Irving
Velocity of circulation of money,
ECONOMETRICA, Vol. 14, April, 19A6, pp. 178-80
(abstract only).
FISHER, Irving
A practical method of estimating the
velocity of circulation of money, JOURNAL OF THE ROYAL
STATISTICAL SOCIETY,
September, 1909.
FBENCH, D. R.
The significance of time deposits in the
expansion of bank credit, 1922-1928, THE JOUBNAL
OF POLITICAL ECONOMI,
December, 1931.
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FRENCH, D. R.
The significance of time deposits in the
expansion of bank credit, 1922-28, JOURNAL OF
POLITICAL ECONOMY,
December 31, 1931, pp.
759-82.
FRENCH, D. R.
"The significance of Time deposits in the expansion
of bank credit, 1922-28, JOURNAL OF POLITICAL ECONOMY,
Dec. S ? 1931, PP. 759-82.
GAMBINO, Amedeo
Liquidity in the Economy and the Banking
System, Banca Nazionale del Lavoro, QUARTERLY REVIEW,
No. 13,
1951.
Money Supply and Interest Rate in Recent
Macro-Economic Concepts, loc. cit.,
No. 30,
1954.
theory of the multiple creation of bank
deposits
recent discussions *: deal mainly vith nature and
statistical measurement of the various factors
determining the volume of bank deposits.
GARVX, George
The velocity of time d e p o s i t s , JOURNAL OF
THE AMERICAN STATISTICAL ASSOCIATION,
Jtine, 1953.
GARVX, George
THE DEVELOPMENT OF BANK DEBITS AND CLEARINGS AND THEIR
USE IN ECONOMIC ANALXSIS. Washington: Board of
Governors of the Federal Reserve System, 1952 •
changes in velocity: pp. 125-240.
GILBERT, J. C.
A note on banking policy and the incomevelocity of circulation of money, ECONOMICA,
May, 193A.
Pp. U*
GILBERT, J . C.
"A note on banking p o l i c y and the i n c o m e - v e l o c i t y
of c i r c u l a t i o n of money," P t s . I - I I ,
ECONOMICA,
May 1934-^ pp. 2-42-4-5; I I ,
A pp.
4 rust* cr, kifffM<j poky
^
pp .
Z2.3-l-!>
a^
&* '*c*»r<?
GORDON, Robert A.
The treatment of government spending in
income-velocity estimates, AMERICAN ECONOMIC REVIEW,
Vol. 40, March, 1950, pp. 152-
GORDON, Robert A*
The treatment of government spending in
income-velocity estimates, AMERICAN ECONOMIC
REVIEW, Vol. 40, March, 1950, pp. 152-159.
growing role of government in determining size
and composition of the income stream
treatment of income velocity when govt,
income-generating expenditures are a large
and variable element in national income.
GORDON, Robert A.
Period and velocity as statistical
concepts, QUARTERLY JOURNAL OF ECONOMICS, LV, No. 2,
February, 1941, pp. 306-313.
GREGORY, Theodore E .
i n LONDON ESSAYS IN ECONOMICS: IN HONOUR OF
EDWIN CANNAN, e d . by T . E . Gregory and Hugh Dal t o n .
London:
1927.
see pp. 54-59: position on bank 'creation' of
money similar to Leaf and Cannan
HACKETT, V. T. G.
A BACKGROUND OF BANKING THEOEY. Toronto:
1945.
chap. 4-s
credit-creation thesis
HnH>0
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HARDI, C. 0 . } LOUlBBIEEf, R. H.
"Velocity Coneapts^-A C r i t i c i s m and a Reply,"
QUARTER!* JOURNAL OF EO0HOMIGS, Vol. £ 6 ,
tyt*f n\i~
pp. 566-
HARROD, R.F.
"The Expansion of Credit in an Advancing Community"
E C , Vol I(NS), No. 3 August, 193U
HARROD, R. F.
The expansion of credit in an advancing
community, ECONOMICA,
August, 1934.
Pp. 13.
*
c
M5^ .
ROBERTSON, D. H.
Mr. Harrod and the expansion of credit.
Rejoinder by R. F. Harrod, ECONOMICS,
November, 1934Pp. 6.
HARTZEL, Elmer
"Time Deposits," HARVARD BUSINESS REVIEW,
October 1934-
HB.RTZELL, ELMER
"Time Deposits"
HARVARD BUSINESS REVIEW, V o l X I I I , N o . 1
October, 193k
HASTINGS, Hudson B.
The circuit velocity of money, AMERICAN
ECONOMIC REVIEW, XIII, June, 1923.
HAVTREI, K. G.
CURRENCY AND CREDIT. London:
Commercial banking as a credit mechanism,
see (1928 -4th e d . ) , chaps. I and XIII.
HOLTROP, M. v.
Die Unlaufsgeschwindigkeit des Geldes,
in BEETRAGE ZUR GELDTHEORIE, ed. by *'. A. von
Hayek. Vienna:
1933.
KOLTPOP, M. ¥.
Theories of the velocity of circulation of
money in earlier economic l i t e r a t u r e , Economic
History Supplement to THE ECONOMIC JOURNAL,
1929.
M»nft*ie t f
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HUFJMAN, J. V.
"Expansion possibilities of our banking
system," JOURNAL OF POLITICAL ECONOMY, XXXIV,
December, 1926* Pp. 16.
pp. 717-42.
An estimate of the amount of expansion that can take
place in demand deposits and in Federal Reserve notes
on the basis of a given amount of gold held by the
Federal Reserve banks. An expansion of $8.33 in
deposits and notes on the basis of one dollar in gold
reserves is estimated.
Abstract by V. 0. Veyforth, AMERICAN
ECONOMIC REVIEW, XVII, June, 1927, p. 382.
JAMES, F. Cyril
THE ECONOMICS OF MONEY, Credit and Banking*
New York: Ronald Press, 3d* rev. ed., 1940.
See chap. 6: "Commercial Banking as a Credit
Mechanism," pp.87-105.
KEYNES, J. M.
A TREATISE ON MONEY.
New York:
1930.
Coimaercial banking as a credit mechanism,
see Chaps. 2, 3 , 25.
KINLEY, David
"Credit Instruments in Retail Trade,11
JOURNAL OF POLITICAL ECONOMY,
March 1895?
"Credit Instruments, in Business Transactions, 1 '
JOURNAL OF POLITICAL ECONOMY,
March, 1397.
factors behind velocity of moneyconcept
KINLEX, David
The use of credit instuments in
payments in the United States, in REPORTS OF
NATIONAL MOHETARI COMMISSION, Doc. No. 399.
KROST, Martin
"The signifiaance of American deposit
movements since 1929," AMERICAN ECONOMIC
REVIEW, SUPPLEMENT, Vol. 40, 1940 r
LACHMANN, L. M.
The velocity of circulation as a predictor, THE
SOUTH AFRICAN JOURNAL OF ECONOMICS, Vol. 24, No. 1, March
1956, pp. 17-24.
DE KOCK, Gerhard: Prof. Lachmann and v e l o c i t y of circulation—a rejoinder, i b i d . , pp. 25-8.
LAWRENCE, J . S*
"Borrowed r e s e r v e s and bank expansion,"
QUARTERLY JOURNAL OF ECONOMICS,
August, 1928•
Pp. 3A.
An analysis of the extent to which a bank may increase its loans as the result of a given increase in
its reserves, borrowed from a Federal Reserve bank.
Contrary to the opinion of Prof* Phillips on the same
subject, the conclusion is reached that loans may be
increased to a considerable extent in excess of borrowed
reserves so that increases in the discount rates of
Reserve Banks can have little effect in restricting
credit extended by member banks* Abstract by ¥« 0.
Weyforth, AMERICAN ECONOMIC REVIEW, XVII, Dec. 1928, p.
804*
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LEAF, Walter
BANKING.
1927.
see pp. 101-4., 133-34: denies banks
can 'create' money when they acquire
earning assets
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LIN, Lin
"Are Time Deposits Money?" THE AMERICAN
ECONOMIC REVIEW, XXVII, March 1937, pp. 76-86.
LOUNSBURY, R. H.
V e l o c i t y Concepts and P r i c e s , QUARTERLY JOURNAL OF
ECONOMICS, Vol. XLVI, November, 1 9 3 1 .
HARDY, C O . and Lounsbury, R. H.
Velocity concepts—a criticism and
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LTJTZ, F. A.
Velocity analysis and the theory of the creation
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LUTZ, F. A.
Velocity Analysis and the Theory of the
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LUTZ, Friedrieh A.
"Velocity analysis and the theory of the
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LUTZ, F. A.
"Velocity analysis and the theory of the
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If
tutzt F. At
Telocity analysis and the theory of the crea«
tlon of deposits. (In: Economica, May 1939,p#156«
169.)
In a system where there is not sufficient
provisions of direct credit between entrwpreneure
the outright creation of deposits In indispensable
in order to bring about economic expanslena
Deposits-Velocity
Uv*
F A
Creation
«\r
"P«p &"*«*• s-*
LINDEN, R. A.
THE CURSE OF CREDIT.
Green, 1937.
Pp. xxxv, 254-.
London:
Longmans,
Macleod, H. D.
THE THEORY OF CREDIT. London:
1894.
commercial banking as a credit mechanism,
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MARGET, A.
The v e l o c i t y of c i r c u l a t i o n : a r e p l y , QUARTERLY
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May, 1934.
Pp. A.
VINCI, F.
Significant developments in business cycle
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Pp. 15.
MARGET, Arthur
The d e f i n i t i o n of t h e concept of a
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P a r t I I , ECONOMICS,
August, 1933.
Pp. 2 6 .
HARGET, Arthur
"The velocity of circxiLation:
QUARTERLY JOORNAL OF ECONOMICS,
May 193-;,
A PP.
a reply,"
MARGET, A. W.
A fiirther note on Holtrop's formula for the
• c o e f f i c i e n t of d i f f e r e n t i a t i o n 1 and r e l a t e d c o n c e p t s ,
THE JOURNAL OF POLITICAL ECONOMY, Vol. XLI, No. 2 ,
A p r i l , 1933, pp. 237-41.
further comment on M. W. Holtrop 1 s book
DE OMLOOPSSNELHEID VAN HET GELD.
MARGET, A. V.
The definition of the circulation of goods,
ECQNOMICA,
Hovember, 1932,
and August, 1933*
MARGET, Arthur
"The s t a t i s t i c a l measurement of the 'velocity of
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November, 1932.
35 pp.
"The definition of the concept of a "velocity of
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MARGET, A. V.
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series of articles published under separate
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JOURNAL OF POLITICAL ECONOMY,
June, 1932} Aug., 1932} April, 1933}
ZEETSCHPIFT FOB NATIONALOKONOMIE, Vol. IV}
ECONOMICS, November, 1932, and August, 1933}
QUAETEPLY JOURNAL OF ECONOMICS, November, 1932.
MABGET, Arthur V.
"Tue relation between the velocity of circulation
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MARGLT, A. %.
The s t a t i s t i c a l measurement of the 'velocity
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MAEGEI, A. Vi.
The definition of the concept of a 'velocity of
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MCCRACKEN, Paul w.
THE FOTORE OF NORTHWEST BANK DEPOSITS •
Minneapolis, Federal Reserve Bank, 194.6*
McDONALD, Stephen L.
ff
The I n t e r n a l Drain and Bank Credit Expansion, Tl
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MCDONALD, S. L.
The Internal drain and bank credit
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15 pp.
MEADE, J. E.
The amount of money and the banking
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March, 1934.
Pp. 7.
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MOULTON, Harold G.
The surplus i n commercial banking,
JOURNAL OF POLITICAL ECONOMY,
December, 1917-
NEISSER, Hans
Umlaufsgeschwindigkeit der Bankdepositen, in HANDWORTERBUCH DES BANKWESENS. Berlin:
1933, pp. 567-72. Contains
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M
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African Bconomic Heview, June 1933,pp.245-263)
The expansion of demand deposits upon cash
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Actually, banks which successfully weathered the
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Credit-Expansion
Banks and banking-Operation and methods
Reserve ratio
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In dynamic economics, money-flow analysis wast supplement
price analysis. It is here attempted to include the creation of demand deposits by commercial banks into the examination of circular flow* -H will be shown under what circumstances the extension of credit is to be considered as t]
the creation of money or of credit, and what significance
the distinction between the two has* Creation of credit
occurs when banks, in extending credit, pake available-.more
money than they received as deposits bltckM by real tffilTOB
This can be accomplished through the creation of new demand
deposits, through the mobilization of existing cash
hoarded or previously withdrawn from circulation, or
through the utilization of •empty1 deposits which are
not backed by real values. Money can be created indepenc
dently from credit creation* Credit creation is only one
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OLIYER, HenryM., Jr.
"A note on velocity," REVIEW OF ECONOMICS &
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2 pp.
OLIVER, H.M., Jr.
A note on velocity, REVIEW OF ECONOMICS &
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PERSONS, Warren M.
The basis for credi.t expansion under the
Federal Reserve System, THE REVIEW OF ECONOMIC
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21-27.
Persons f ^$**fcn Mthe basis rvr CtetJfi exjiavs/*/,
F
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PERSONS, Warren M.
The basis for credit expansion trader the
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PERSONS, Warren M.
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PERSONS, WARREN M.
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IBID., Vol. I I , No. 1 January, 1920
hilhps CA
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V?# P/t/S//ps
' r??e/tro<*' •
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PHILLIPS, Chester A.
BANK CREDIT
New York:
1920.
Commercial banking as a credit
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Kcscfve.
QAltutc
)t/Slfi>rr, JtojtMAc
P&/77C41. £cc*S6+*Y
ite 1 % pp 3>-o-7S<.
Vc(.
O?
Xt-i"** J un-
PHILLIPS, Chester Arthur
BAHKING AND THE BUSINESS CYCLE. Nev York:
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bank control of money supply,
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"Expansion possibilities of the Federal
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Student of Lloyd Mints
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SHAPIRO, S.
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Banking statistics of the U.S. from 1914 to 1930
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u
Saving investment theory of money
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Cyclical behaviour of time deposits in the
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WESTEEFIELD, R. B.
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New York:
commercial banking as a credit mechanism, see
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WUNHOLDS, H. V. J.
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Brief survey of the development of the .concept and the
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Irving Fisher's concept. The concept used in the cash
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Keynes1 views on the velocity of circulation of money.
The concepts quantity of money (money stock) and possession of money. The role of this concept in different monetary theories* Reconsideration of the concept
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M
Money
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Also p r i n t e d as r e p r i n t
WORKING, Holbrook
"Prices and the Quantity of Circulating
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ECONOMICS, VOL XXXVII, No. 2, February, 1923.
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