The determination of the volume of bank deposits: England 1955-56

Authors

  • R.S. SAYERS

DOI:

https://doi.org/10.13133/2037-3643/12781

Keywords:

English banking system, volume of bank deposits, monetary authorities, financial institutions

Abstract

The article considers the present behaviour of the English banking system, essentially reaffirming the validity of the principle that the volume of bank deposits is, in the last resort, determined by the monetary authorities. The author seeks, however, to show how the mechanism has varied in response to recent changes of a technical character. To this purpose, he author examines in detail the influence of the English financial institutions as they currently operate, and clears up how the cash-ratio has lost the guiding function it exercised. 


JEL: E51, E58, G21

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How to Cite

SAYERS, R. (2014). The determination of the volume of bank deposits: England 1955-56. PSL Quarterly Review, 8(35). https://doi.org/10.13133/2037-3643/12781

Issue

Vol. 8 No. 35 (1955)

Section

Editorial

License

 
 
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