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Liquidity preferences of commercial banks /

By: Material type: TextTextPublication details: Chicago : University of Chicago Press, c1966.Description: xi, 163 p. :illSubject(s): DDC classification:
  • 332.12 MOR
LOC classification:
  • HG1588 .M8 1966
Summary: The problem to which this book is addressed is the demand for excess reserves on the part of U.S. commercial banks. Morrison examines three hypotheses: the "liquidity trap" notion that the demand for money becomes perfectly elastic at sufficiently low rates of interest; the "shock" effect, which postulates a dramatic increase in desired excess reserves as the result of banking crises; and the "inertia" effect which sees bankers as being hyper suspicious of the "transitory" nature of excess reserves acquired in the aftermath of a crises.
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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 332.12 MOR (Browse shelf(Opens below)) Available 31008100149950

Revision of thesis, University of Chicago.

Includes bibliographical footnotes and index.

The problem to which this book is addressed is the demand for excess reserves on the part of U.S. commercial banks. Morrison examines three hypotheses: the "liquidity trap" notion that the demand for money becomes perfectly elastic at sufficiently low rates of interest; the "shock" effect, which postulates a dramatic increase in desired excess reserves as the result of banking crises; and the "inertia" effect which sees bankers as being hyper suspicious of the "transitory" nature of excess reserves acquired in the aftermath of a crises.

rpm 08/05/2018

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