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Absence of bank system would eliminate rather important factor of fluctuations,

Consisting in panic reservation of money; besides, however, exist

Also such factors, as integration and decomposition into the industries, dynamics

Number and structure of the population, change in the relation of public to To distribution of riskiness of the actives. If generated by these factors "Natural" acceleration and delay of a turn of monetary balances will reach

Considerable scales, counteraction to it can quite become one of the purposes

Poor banknotes or in the form of check deposits) can quite become Necessity if it is necessary to leave neutral monetary factors. Opening of such bank system which would not be a source Catastrophic deviations from norm and which itself with the least

Probability generated fluctuations, and with the greatest - would undertake the correct

Steps in reply to actions of public, is for today of the most important Unresolved economic problem. It is not necessary to doubt that modern bank system in many respects It is guilty in economic shocks. It is much more difficult to define, which From its features generates such deviations. It is represented, however,

Indisputable that the lion's share of fluctuations grows out of changes in level

Cash monetary weight which is provided with bank. Commercial banks Keep the reserves at rather stable level, and their credit

Operations accurately enough follow dynamics of monetary weight of the central

Bank (except for the depression periods). 1935 monthly average figures of the relation of cash to deposits in The London clearing banks were in the range from 10 to 12 percent. For The same period of time for Bank of England varied this indicator in limits

From 11.5 to 65.5 percent. Even having rejected these extreme values, in certain cases 25, fluctuations in

Interval between 30, as 50 percent can be considered

Quite normal range., During the period between November and 1925 and

March it is final, this dynamics repeatedly, say, in

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Large Weather Icons Large Weather Icons depict a number of weather conditions typical in software, weather portals, and mobile gadgets. The images are supplied in all resolutions standard to Windows, Mac OS, and mobile devices. The biggest versions are huge 512x512 pixel images with vector sources in Adobe Illustrator (.ai) format easily available and ready to be printed or used in presentations in highest quality.

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