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The control over the superissue, lying in sphere of interbank interaction. In

To system of a great number of emitters, banknotes of each of banks constantly

Come to other banks and there are repaid. Than more shortly the period, on which

Credits stand out, that more often makes their return. Than more than credits

Come back every day, the more banknotes come back from the reference Daily. If to assume that any one of banks resorts to Expansion while others supports scales of the issue

Invariable, a stream of requirements of bank-ekspansionista to repayment of its banknotes

Gold by means of clearing will be function of duration of the period, on which

Credits stand out. How much this mechanism is effective in struggle with

Superissue, we will discuss in the same chapter, but a bit later see with. 237 and

Further. The monetary school intended to force the cumulative reference to vary in Dependences on inflow and gold outflow as though money existed only In the metal form. Its adherents considered, can be what is it reached

That they ignored fundamental similarity between depositary credits and

Issue of banknotes. This error is not so critical, if it is a question about depositary

Networks of commercial banks. there is no standard term Distinguishing all other banks from the central. Here we use the term "Commercial" for a designation of any bank, except the central., Apparently until then, While these banks in a status to keep a parity of the cash reserves and

At constant level, it is possible to achieve depositary obligations, that changes

In total amount of credits repeated dynamics of gold reserves (this volume will be

It is approximately equal to product of gold reserves on constant enough Size). It is possible only provided that size of bank reserves The gold reserve varies in the same direction, as. But after all to reach

England, and its quantity poor gold of banknotes and depositary

Obligations. In a reality the Bank of England could change volumes of the credit

Operations and to regulate a share of deposits of commercial banks in balance,

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Basic Icons for Vista Basic Icons for Vista is a collection of smooth and professionally finished icons created in the similar style as the original Vista icons. The images come in two variants: with or without shadows.

Business Icon Set Business Icon Set is a library of top- quality ready-made icons for use in programs and on Web projects. They are provided in a variety of formats, sizes and color schemes.

Vista Toolbar Icons Vista Toolbar Icons. A collection of practical and eye catching icons representing all basic operations required for surfing the internet or using various applications.

Software Toolbar Icons Software Toolbar Icons is a set of top-notch handmade icons designed by professional artists for developers and webmasters. This icon collection represents a broad range of software-related subjects.

Database Icon Set Database Icon Set brings you lots of stylish and colorful icons for database software development. The images are provided in all the common icon sizes and file formats include GIF, BMP, PNG and ICO.