Titlebook: Banking and Currency in Hong Kong; A Study of Postwar F Y. C. Jao Book 1974 Y. C. Jao 1974 banking.finance

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Studies in Computational Intelligencethe apex of the banking sector exercises its leadership and control over the commercial banks and other intermediates. In the absence of a central bank, the study of banking in Hong Kong is primarily an analysis of the structure and operations of the commercial banking industry.

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Harmony via Reductions and Expansionsorities. Given the banks’ reserve ratio and the public’s cash ratio (. and . in the previous chapter), the central bank is said to be able to control the total quantity of money and credit by manipulating the reserve base (vault cash plus balances with the central bank).

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