Lecture 15 Money Supply, Money Demand, and the Banking System 1.

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Lecture 15 Money Supply, Money Demand, and the Banking System 1

Transcript of Lecture 15 Money Supply, Money Demand, and the Banking System 1.

Lecture 15

Money Supply, Money Demand, and theBanking System

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Supply

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Supply

• 100-Percent-Reserve Banking

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Supply

• 100-Percent-Reserve Banking

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Supply

• 100-Percent-Reserve Banking

• Fractional-Reserve Banking

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Lecture 15. Money Supply, Money Demand, and the Banking System

Fractional-Reserve Banking

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Lecture 15. Money Supply, Money Demand, and the Banking System

Fractional-Reserve Banking

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Lecture 15. Money Supply, Money Demand, and the Banking System

Fractional-Reserve Banking

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Lecture 15. Money Supply, Money Demand, and the Banking System

Fractional-Reserve Banking

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Supply

• 100-Percent-Reserve Banking

• Fractional-Reserve Banking

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Supply

• 100-Percent-Reserve Banking

• Fractional-Reserve Banking

• A Model of the Money Supply

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Supply

• 100-Percent-Reserve Banking

• Fractional-Reserve Banking

• A Model of the Money Supply

• Instruments of Monetary Policy

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Lecture 15. Money Supply, Money Demand, and the Banking System

Case Study: Bank Failures and the Money Supply in the 1930s

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Supply

• 100-Percent-Reserve Banking

• Fractional-Reserve Banking

• A Model of the Money Supply

• Instruments of Monetary Policy

• Bank Capital, Leverage, and Capital Requirements

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Lecture 15. Money Supply, Money Demand, and the Banking System

A Bank’s Balance Sheet

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Demand

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Demand

• Portfolio Theories of Money Demand

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Demand

• Portfolio Theories of Money Demand Case Study: Currency and the Underground Economy

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Demand

• Portfolio Theories of Money Demand

• Transactions Theories of Money Demand

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Lecture 15. Money Supply, Money Demand, and the Banking System

Money Demand

• Portfolio Theories of Money Demand

• Transactions Theories of Money Demand=> The Baumol–Tobin Model of Cash Management

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Lecture 15. Money Supply, Money Demand, and the Banking System

The Baumol–Tobin Model of Cash Management

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Lecture 15. Money Supply, Money Demand, and the Banking System

The Baumol–Tobin Model of Cash Management

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Lecture 15. Money Supply, Money Demand, and the Banking System

The Baumol–Tobin Model of Cash Management

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Lecture 15. Money Supply, Money Demand, and the Banking System

Financial Innovation, Near Money, and theDemise of the Monetary Aggregates

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Lecture 15. Money Supply, Money Demand, and the Banking System

Conclusion