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History of Political Economy (1981) 13 (4): 774–793.
Published: 01 November 1981
... o 1981 by Duke University Press Thoughts of some British economists on early limited liability and corporate legislation Christine E. Amsler , University of Pennsylvania, Robin L. Bartlett , Denison University, and Craig J. Bolton, University of Dallas...
History of Political Economy (1992) 24 (4): 867–894.
Published: 01 November 1992
... more or less money than it desires to, banks will expand or contract their liabilities accordingly. What the real-bills doctrine meant to Adam Smith and others who applied it only to the individual bank is that to withstand the fluctuations in their liabilities caused by changes in the public’s...
History of Political Economy (1986) 18 (1): 111–131.
Published: 01 March 1986
...James P. Henderson Dept. of Economics, Valparaiso University, Valparaiso IN 46383. Copyright © 1986 by Duke University Press 1986 References Amsler , Christine E. , Robin L. Bartlett, and Craig J. Bolton 1981 . ‘Thoughts of some British economists on early limited liability...
History of Political Economy (1990) 22 (1): 125–136.
Published: 01 March 1990
.... Table 1 shows the balance sheets of the two groups in various situa- tions. Table la represents some initial position in which the banks’ liabilities consist of 10,000 of paper money (P).Their assets consist of 2,000 in the form of gold or coin (G), and 8,000 in the form of loans (L...
History of Political Economy (1994) 26 (2): 221–238.
Published: 01 June 1994
...” (1988,40). He shows that under a system of competitive note issue, banks that overissue currency (or deposits) will be penalized by a drain on reserves as they see more of their liabilities returned than they return of those of other banks. Both Hilferding and Selgin see banks as pure financial...
History of Political Economy (1992) 24 (4): 819–841.
Published: 01 November 1992
... to the bondholders, it represents a liability to the taxpayers who must pay the interest and, eventually, redeem the principal. As far as we assume homogeneous and rational agents, these assets and liabili- ties exactly offset each other and the existence of public debt does not affect consumption-investment...
History of Political Economy (1997) 29 (4): 593–633.
Published: 01 November 1997
... of exchange (though these were for the most part themselves dependent on the coun- try bank note issue) which controlled the level of prices. The country bank note issue in turn was not controlled by the Bank of England note issue, nor by its liabilities more widely defined. For the second period...
History of Political Economy (2010) 42 (2): 267–295.
Published: 01 June 2010
... Immunity Duty No-right Liability Disability Source: Hohfeld 1913, 30. Table 2 Jural Opposites, Adapted from Hohfeld’s Jural Correlatives Right Privilege Power Immunity No-right Duty Disability Liability Source: Hohfeld 1913, 30. right, privilege...
History of Political Economy (2009) 41 (4): 737–747.
Published: 01 November 2009
... from hold- ings of money and bonds. In the case of a closed economy considered as a unit, money and bonds were claims that were balanced by corresponding liabilities. In the aggregate, these assets and liabilities offset each other, leaving the national wealth of the isolated economy equal...
History of Political Economy (1988) 20 (2): 299–308.
Published: 01 June 1988
... Bank Assets Liabilities Loans 900 Reserves 100 Deposits 1,000 ~- ~~ Table 2. C. A. Phillips Bank Assets Liabilities Loans 1,097(= 900 + 197) Reserves 122(= 100 + 22...
History of Political Economy (1999) 31 (4): 753–769.
Published: 01 November 1999
... (by increasing their liabilities relative to their reserves) (147). They do not simply ration an unchanging volume of loans (by raising their loan rate of interest); by expanding, they hold the market rate of interest below the increased natural rate of interest. Hayek considered it inevitable...
History of Political Economy (1989) 21 (4): 723–736.
Published: 01 November 1989
..., and considers that he does enough by saving this &5 from his expenditure, and then deludes himself with the belief that he is as rich as before. (1976, 163) If people fully discounted future tax liabilities, they would perceive a reduction in the present value of their future disposable...
History of Political Economy (1970) 2 (2): 284–315.
Published: 01 June 1970
History of Political Economy (1988) 20 (1): 145–147.
Published: 01 March 1988
... be explained in terms of its impact upon the income velocity of money. Financial institutions are able “to accommodate the needs of trade” through their creation of new types of financial liabilities. This is Rousseas’ major contribution, and he uses this point to criticize both neoclassical formula...
History of Political Economy (1999) 31 (1): 79–107.
Published: 01 March 1999
... as a whole. In this sense the argument is based on a mechanism simi- lar to the famous specie-price-ﬂow mechanism, which, too, is an automatic one. 2. Other forms of bank liabilities, (for example, deposit accounts) and bank assets (for example, loans) should not be a target...
History of Political Economy (1975) 7 (2): 156–173.
Published: 01 June 1975
... commercial banking consisted primarily of lending on promissory notes and issuing paper money liabilities (bank notes). Until the Civil War, notes issued by state- chartered banks and metallic money (specie) constituted the major portion of the nation’s money stock, as demand deposits were...
History of Political Economy (2014) 46 (suppl_1): 177–197.
Published: 01 December 2014
... Banking .” Journal of Bank Research 1 ( Autumn ): 8 – 20 . Black Fischer Scholes Myron . 1973 . “ The Pricing of Options and Corporate Liabilities .” Journal of Political Economy 81 ( 3 ): 637 – 54 . Brown E. Cary Solow Robert M. . 1983 . Paul Samuelson and Modern...
History of Political Economy (1988) 20 (1): 43–63.
Published: 01 March 1988
... Economy 20:l (1988) assets (gold) and liabilities (notes) fluctuate automatically as specie flowed in and out of the country does not insulate the system against possi- ble credit overexpansion. Moreover it may internalize a rigid, counter- productive interaction between foreign...
History of Political Economy (1991) 23 (1): 79–83.
Published: 01 March 1991
.... Unlike J. Douglas Brown, both Arthur Altmeyer (who was to be the system’s first head) and Edwin E. Witte (who chaired the group that drafted the original 1935 bill) wanted a large reserve account, because it would present an accurate picture of future liabilities (U.S.Congress 1939, 1757,2205...
History of Political Economy (2020) 52 (4): 773–793.
Published: 01 August 2020
... in the long run can only make pay- ments in the media that they receive. A State is not ordinarily exempt from the same limitation, and can indeed only escape therefrom when it is meeting its liabilities with paper money freshly issued for the purpose. This reasoning is completely in agreement with modern...