【PPT精品课件】货币金融学7版英文课件--16-大学课件2.pptx

文档介绍：该【【PPT精品课件】货币金融学7版英文课件--16-大学课件2 】是由【小屁孩】上传分享，文档一共【18】页，该文档可以免费在线阅读，需要了解更多关于【【PPT精品课件】货币金融学7版英文课件--16-大学课件2 】的内容，可以使用淘豆网的站内搜索功能，选择自己适合的文档，以下文字是截取该文章内的部分文字，如需要获得完整电子版，请下载此文档到您的设备，方便您编辑和打印。Chapter16DeterminantsoftheMoneySupply? 1?D= ??R rDerivingtheformulaR=DR=r?D 1D=?R r 1?D=??R r2?,’sdecisionsregardinghowmuchCtohold,thebanks’decisionsregardingtheamountofRtheywishtohold,andborrowers’(=C+R)?,inChapter16wederiveamultiplicativerelationbetweenMandMB,M=m?MB,?=m?MBDerivingMoneyMultiplierR=DRDR=r?DR=(r?D)AddingCtobothsidesR+C=MB=C+(r?D) $1ofMBthatarisesfromanextra$,?,An?inMBthatgoesintoCisnotmultiplied,whereasan?=C+(r?D)Todealwithcurrencydrains,wealsoassumethatC =c?, MB =(c?D)+(r?D) =(c+r)?D(Continued)6?=(c??D)+D=(1+c)??Dm<1/rbecausenomultipleexpansionforcurrencyandbecauseasD?ER?7?=5%C=$40billionD=$160billionM(=M1+)=C+D=$200billionThemoneymultipliertellsusthatgiventhebehaviorofthepublicasrepresentedbyc==5%,a$1?inMBwillleadtoa$?=0(nocurrencydrains),thenm=?=25%andr=5%.Ittellsusthatgiventhebehaviorofthepublicasrepresentedbyc=25%andthatofbanksasrepresentedbyr=5%,a$1?inMBwillleadtoa$?inD.(Continued)9?:arybase(MBn).ponentoftheMBisdirectlyundertheBank’(oradvancesA).ponentofthebase,becauseitisinfluencedbybanks’?2005PearsonEducationCanadaInc.