A TREATISE ON MONEY

xii

CHAPTER 13

PAGE

The “ Modus operandi ” of Bank-rate .... 185

(i.) The Traditional Doctrine . . . . .185

(ii.) The General Theory of Bank-rate .... 200

(iii.) Some Special Aspects of Bank-rate .... 209

(iv.) The Function of Bank-rate in Relation to External Equi-librium ........ 213

(v.) The Relation of Bank-rate to the Quantity of Money . 216

CHAPTER 14

Alternative Forms of the Fundamental Equation . . 221

(i.) The “ Real Balances ” Quantity Equation . . . 222

(ii.) The “ Cambridge ” Quantity Equation . . . 229

(iii.) The “ Fisher ” Quantity Equation .... 233

(iv.) The Relationship between the “ Cambridge ” and the

“ Fisher ” Equations ...... 237

(v.) The Relationship between the “ Fisher ” Equation and the

Fundamental Equations of Chapter 10 . . 239

BOOK IV

THE DYNAMICS OF THE PRICE-LEVELCHAPTER 15

The Industrial Circulation and the Financial Circulation 243(i.) Industry and Finance distinguished and defined . . 243

(ii.) Factors determining the Volume of the Industrial Circulation 244(iii.) Factors determining the Volume of the Financial Circulation 248

CHAPTER 16

A Classification of the Causes of a Disequilibrium in thePurchasing Power of Money .....

I. Changes due to Monetary Factors ....

II. Changes due to Investment Factors ....

III. Changes due to Industrial Factors ....

258

259

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