Econ1530Final

Econ1530Final - Table1.A...

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Table 1.A Key items on the balance sheets of each transa US Public US Comercial Banks Currency Bank loans Bank reserves Deposits Deposits Bank loans Real Wealth Net Worth US Central Bank US Treasury Bank Reserves Taxing power Treasury Debt Currency Europa's Public Europa's Comercial Banks Currency Bank loans Bank reserves Deposits Deposits Bank loans Real Wealth Net Worth Europa's Central Bank Europa's Treasury Bank Reserves Taxing power Treasury Debt Currency Table 1.B Transaction set  US Public US Comercial Banks P us  ={P 1 us ,P 2 us …P n us } B us ={B 1 us ,... B n us } Rediscounted  Loans z us T us Treasury  debt Rediscounte d Loans Foreign  reserves P EU  ={P 1 EU ,P 2 EU …P n EU } B EU ={B 1 EU ,... B n EU } Rediscounted  Loans z EU T EU Treasury  debt Rediscounte d Loans Foreign  reserves
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.(1) +D .(4)+C .(1) +Gold .(1) +D .(2) -Gold (.9)+C .(4) +C .(7) -Gold US Central Bank US Treasury .(2) + Gold .(9)+C Europa's Public
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This note was uploaded on 10/21/2010 for the course ECON 1530 taught by Professor Blumberg during the Spring '10 term at Harvard.

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Econ1530Final - Table1.A...

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