_-_----__---_----_---------------------1. Rarry Q. Johnson, n Monetary Theory and Policy ",American

Economic Review Vol.52 , pp. 351 - 354

Edger L. Feige , The Demand for Liquid &mete , Prentioo

ml, 1964 , Ch. 1.

EC 332 5 1

1. The Conventional Approach

2. The Chicago Approach

3. The Gurley and Shaw Approach

4. The Central Bank Approach

5 2 EC 332

EC332

ml = c + D

5 3

5 4 EC332

EC 332 5 5

2’

567:. I .1 ’J.;;% ,_

EC 332

EC 332 5 7

58 EC332

EC 332 59

Time DepositSavings end Loan Association Shares

Mutual Saving Bank Deposit

Credit Union Share

6 0 EC 332

(3) The Gurley and Sher Approach

’

,

EC 332 61 I

62 EC332

EC332 6 3

64 EC332

y4 = Total credit availability

EC332 65

66 EC 332

!mlUfdiiJ f%r **M, f r3utu?q/srufir u?n~u~3udinnf=LLafiU~ ~UIRI~WI&iI

“2 d, u&Au t3urJinllr:si( time deposits sbmml~~

M3 z k2 w&h&m4andbr on~reeumm*&.i(i Saving and

loan Association shares )u~nfG;ur3uchn anilne4phud( Mutual saving bank deposits )

EC 332 67

1.

2.

3.

68 % EC332

EC 332 69

EC 332

EC332

7 2 EC 332

Feige s( study

EC 332

Demand deposit

74 EC332

EC 332 7 5

76 EC 332

--------------------_______________c____--------------

10. David Laidler, " TEE DEFINITION OF HONEY * Journal Of b=Y

Credit and Banking . Vol. * 1 . August 1963 pp. 508 - 525

EC332 77

~~~,d,,,i,r~DUn^l*knw7jg7L~fWgf17*W~ gti9n4nrrhiMu7ti , loA.Aiw7fi

-I& IIMU. 2519David T. Hulett , I1 More on an Empirical Definition of honey : Note se

American Economic Review , June 1971

Edgar L. Feige , I1 The Demand for Liquid Assbbs : A Temporal Cross -

Section Analysis", Prentice-Ball , 1964

Franklin R. Edwards , II More on Substitutabilities Between Money and

N Monies II , Journal of Money , Credit and Banking , August

1972

George G. Kaufman , Ii More on an Empirical Definition of Honey " )

American Economic Review , March 1969

John G. Gurley and Edward S. Shaw , I' Financial Aspect.8 Of &?OnOQ.iC

Development It , American Economic Review , September 1955

Milton Friedman and Anna J, Schwartz , 1' Monetary Statistics of the

United Stat4s11 , National Bureau of Economic Research , 1970

Hilton Freidmen and David Huselmau , It The Relative Stability of

Uonetary Velocity and the Investment Mnl%iplier in the United

State6

Richard II. Timberlake , Jr. and James Fortson , s Time Deposits in

the Definition cf Money 'I , American Economic Review , Uarch

7967

Tong Bun Lee , I1 Substitutability of Non- Bank Intermediary Liabilities

for Money : The Empirical Evidence e , Journal of Finance v

September , 1966

78 EC332

W. ICuuppu Chetty , n Oa )Iouuring t h e Yeurn o f Nerr-UoaeJ u ,

kericaa ~~oaotio Review , dune 1969

EC 332 7 9