Outside clearings do not undercount outside check deposits nearly to the extent that Professor Fisher assumes.
"The Value of Money"
Benjamin M. Anderson, Jr.
We shall, therefore, take up first the thesis that clearings outside New York do not undercount bank deposits outside New York nearly as much as Professor Fisher thinks.
"The Value of Money"
Benjamin M. Anderson, Jr.
Do the figures that get into the "all other" deposits from those connected with the Stock Exchange undercount sales made there?
"The Value of Money"
Benjamin M. Anderson, Jr.