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Would a further expansion of money be “injurious”? January 25, 1937

Would a further expansion of money be “injurious”? January 25, 1937 Looks at the excess reserves of 1937 in the USA, which were well over $2 billion. Discusses what criterion can be used to determine the adequacy or excessiveness of the volume of money and what the prospects would be for further expansion if no action were taken. Concludes that on balance, probabilities appear to suggest that further expansion will occur unless checked, and that adequate monetary grounds exist, therefore, for taking action to prevent an injurious expansion of credit. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

Would a further expansion of money be “injurious”? January 25, 1937

Journal of Economic Studies , Volume 31 (3/4): 6 – Jun 1, 2004

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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0144-3585
DOI
10.1108/01443580410699448
Publisher site
See Article on Publisher Site

Abstract

Looks at the excess reserves of 1937 in the USA, which were well over $2 billion. Discusses what criterion can be used to determine the adequacy or excessiveness of the volume of money and what the prospects would be for further expansion if no action were taken. Concludes that on balance, probabilities appear to suggest that further expansion will occur unless checked, and that adequate monetary grounds exist, therefore, for taking action to prevent an injurious expansion of credit.

Journal

Journal of Economic StudiesEmerald Publishing

Published: Jun 1, 2004

Keywords: Economics; Banking; History; United States of America

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