Contributor
Prager, Jonas, comp.
Edition Statement:[1st ed.]
Imprint:New York : Random House, [1971]
Descriptionxvi, 432 p. : illus. ; 25 cm.
Note:Part One: THE CONTROVERSY OVER THE DEFINITION OF MONEY: 1. Money in a prisoner-of-war camp / R.A. Radford -- 2. What is money / James Tobin -- 3. A reconsideration of banking theory / John G. Gurley, Edward S. Shaw -- 4. Time deposits in the definition of money / Richard H. Timberlake, James G. Fortson -- 5. A Socratic dialogue / Denis H. Robertson -- Part Two: ISSUES IN COMMERCIAL BANKING: PORTFOLIO ANALYSIS AND ITS IMPLICATIONS: 6. Priorities in the use of bank funds / Roland I. Robinson -- 7. Liquidity requirements and employment of funds / Fred G. DeLong -- 8. Liquidity preferences of commercial banks: the theory / George R. Morrison -- 9. Portfolio analysis and the money multiplier / Jonas Prager -- 10. Commercial banks and the supply of money: a market-determined demand deposit rate / John H. Kareken -- Part Two....: BANK SIZE AND THE STRUCTURE OF THE BANKING INDUSTRY: 11. Mergers among commercial banks / George W. Mitchell -- 12. The Philadelphia Bank merger decision and its critics / Edward S. Herman -- 13. Returns to scale in commercial banking / Stuart I. Greenbaum -- 14. Branch banking and economies of scale / George J. Bentson -- 15. Banking structure and performance / Jack M. Guttentag, Edward S. Herman -- Part Three: THE STRUCTURE OF THE FEDERAL RESERVE SYSTEM: FEDERAL RESERVE INDEPENDENCE: 16. The organization of the Federal Reserve system / Commission on Money and Credit -- 17. An independent central bank / Milton Friedman -- 18. An anniversary gift for the Federal Reserve system: the 1964 Patman bills / Jonas Prager -- Part III: .... THE BANK SUPERVISION CONTROVERSY: 19. Is there a case against a single Federal Reserve supervisory agency? / Howard H. Hackley -- 20. The case for decentralization / Carter H. Golembe -- Part Four: THE MONEY MARKET AND THE FEDERAL RESERVE: 21. Minutes of the meeting of August 12, 1969, of the Federal Open Market Committee -- All part of a day's work / Paul Meek -- 23. Structural changes in the money market / Robert W. Stone -- 24. Eurodollars in the liquidity and reserve management of United States banks / Fred H. Klopstock -- 25. Curent debate on the term structure of interest rates / Frederick M. Struble -- 26. The policy of even keel / Warren J. Gustus -- Part Five: KEYNES VERSUS THE QUANTITY THEORY: THEORETICAL AND EMPIRICAL STUDIES: 27. The role of money in Keynesian theory / Lawrence S. Ritter -- 28. The post-Keynesian reformulation of the quantity theory of money / Milton Friedman -- 29. The relative stability of monetary velocity and the investment multiplier in the United States, 1897-1958 / Milton Friedman, David Meiselman -- 30. Estimates of Hicksian IS and LM curves for the United States / Robert H. Scott -- 31. Indicators of monetary policy / George W. Mitchell -- Part Six: THE TOOLS OF MONETARY POLICY: RESERVE REQUIREMENTS AND OPEN MARKET OPERATIONS: 32. Reserve requirement changes versus open market operations / William McC. Martin, Jr. -- 33. On the relative merits of reserve ratio changes and open-market operations / William McC. Martin, Jr. -- 34. Restrictive open-market operations versus Reserve requirement increases: a reformulation / Joseph Aschheim -- Part Six.... DISCOUNTING AND THE DISCOUNT RATE: 35. The role of discount policy / Warren L. Smith -- 36. Federal Reserve discount policy and its critics / Murray E. Polakoff -- 37. Reappraisal of the Federal Reserve discount mechanism / George W. Mitchell -- Part Seven: PROBLEMS OF MONETARY POLICY: LAGS: 38. The lag in effecct of monetary policy / Milton Friedman -- 39. Reply / John M. Culbertson -- 40. A critique of Professor Friedman's Findings / John H. Kareken, Robert M. Solow -- 41. The length of the lag / Thomas Mayer -- 42. Credit rationing, interest rate lags, and monetary policy speed / Donald P. Tucker -- Part Seven: ....THE DISCRIMINATORY IMPACT OF MONETARY POLICY: 43. The differential effects of monetary policy / Commission on Money and Credit -- 44. The differential effects of tight money / George L. Bach, C.J. Huizenga -- 45. Uneven impacts of monetary policy: what to do about them? / David P. Eastburn -- Part Eight: RULES VERSUS DISCRETION: 46. What is to be our internal monetary policy? / Milton Friedman -- 47. The positive case for automatic monetary control / Edward S. Shaw -- 48. Automatic increases in the money supply: some problems / Daniel Ahearn -- 49. Some empirical tests of monetary management and of rules versus discretion / Franco Modigliani -- Part Nine: INFLATION: THE PHILLIPS CURVE CONTROVERSY: 50. The relation between prices and employment: two views / Roger W. Spencer -- 51. Guideposts for noninflationary wage and price behavior / Council of Economic Advisors -- 52. Wages and prices by formula? / Arthur F. Burns -- Part Ten: INTERNATIONAL MONETARY ECONOMICS: 53. In defense of sterling / John Brooks -- 54. Money quiz: you can earn highmarks expounding franc facts / Art Buchwald -- 55. International monetary reform and the "crawling peg" / George W. McKenzie -- 56. Questions for discussion / George N. Halm -- 57. The new international monetary plan in perspective / Thomas E. Davis.
Bibliography Note:Bibliography: p. [427]-428.
