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Keynes, in Chapter 17 of the General Theory, despite erroneously explaining interest as merely a reward for foregoing the exercise not of time–but of liquidity–preference, argued correctly that the expected return on alternative assets held over time would be equalized in equilibrium. Expected retu...
As globalization has increased economic, social, and political ties across borders, often in beneficial ways, it has also facilitated the spread of harmful activities such as human trafficking. This chapter describes the phenomenon of sex trafficking in China, and identifies groups susceptible to this...
The money market instruments consist of Treasury bills, federal agency notes, certificates of deposit (CDs), commercial papers, bankers’ acceptances, and repurchase agreements (repos). The major participants in the money market are governments, commercial banks, corporations, government-sponsored ...
Dear Money Chapter © 2018 Demand for Money: Theoretical Studies Chapter © 2018 Notes 1. Menger (1909, p. 5) also expresses similar objections to defining money as the generally accepted medium of exchange as a starting point in monetary analysis. 2. Two examples on this point, chosen...
Sargent (1973a) notes that much of the early criticism of Fisher's work (e.g. in Macaulay (1938)) concerns the plausibility of such long lags of inflation. Referencing Muth’s, 1961“suggestion that the expectations of the market can fruitfully be hypothesized to be the same as the optima...
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^ Traveler, chapter 5 ^ Vol'jin: Shadows of the Horde, pg. 102 ^ a b c d [Turning the Other Cheek] ^ [120] A Clue from Area 52 ^ World of Warcraft: Cataclysm - Features - Azshara. Archived from the original on 2011-11-12. ^ Prologue ^ a b Stranger in a Strange Lan...
The notes reproduced here were taken by Glenn Johnson in Lloyd Mints' course on Money and Banking at the University of Chicago in the fall of 1946. Several additional sets of course notes taken by Glenn Johnson have been published in the archival volumes of Research in the History of ...
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