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This lecture discusses deposit banking, fractional reserve banking, deposit multiplier, creating money out of "thin air", and the credit crunch.
In the previous lectures we discussed various aspects of money. This lecture shifts focus towards banking and provides an introduction to the topic of commercial banking. It briefly covers loan banking and begins deposit banking.
This lecture discusses the factors determining Money Demand: (1) supply of goods and services, (2) clearing systems, (3) frequency of payments, (4) confidence in money, ands (5) inflationary expectations. Hyperinflation.
This lecture discusses the supply of money, the concept of inflation, the inflation process, and inflation tax. The lecture draws from the book Mystery of Banking.
