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Scales of this process hardly have chance even to come nearer to volumes Return to banks of checks. Nevertheless, quite probably that leak of money Owing to moving of banknotes to other banks during a log it will appear Sufficient to brake expansion of separate banks. That It can really appear quite sufficient, it becomes clear from

Which included elements of competitive bank issue Currency Systems of

Canada ", p. 70 and see "U. S. Monetary Commission. Interviews on the Banking. In each of these systems banks obviously felt force of the clearing

The mechanism with which help they could supervise actions of other banks.

What influence on removal of means during a log the length of an average can have

Term on which banks are in the habit to give out credits? On it depends

Intensity of removal of means: than more shortly average term already given out to the bank

System of credits, that the big intensity in unit of time will get

Process of removal of money, but that will be shorter also duration of the log.

The credits, as all system as a whole.) it can quite appear that more

Intensive pressure upon reserves right at the beginning will serve as instant stimulus

Occurs, such outcome can to be in certain degree acknowledgement Principle of "maintenance in bank weight" and automatic return of banknotes, To which supporters of bank school gave a lot of attention and Adherents of bank freedom see with. 246 same heads. Except doubts in ability of conservative bank though in any degree

Expressed scepticism concerning realism of the concept so-called

Conservative bank, considering that the aspiration to profit will force all banks

To join expansion 1928, 7th, 1930, see Neisser, "Notenbankfreiheit?" In

Weltwirtschaftliches Archiv for October, with. 449 (tm) 450; see also Carl

Landauer, "Bankfreiheit?" In Der deutsche Volkswirt for September.

The term "conservative" presumably should mean that bank in force Any reasons resisted to the forces compelling other banks to expand

Scales of the credit. In a situation of increase in demand for the capital (growth

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