9: The World that Bagehot Knew
Lec 9-1: FT: Depreciation of Iran’s currency
Lec 9-2: Reading: John Hicks
“A Suggestion for Simplifying the Theory of Money” Economica 1935
Lec 9-3: Bagehot’s World, wholesale money market
Lec 9-4: Economizing on notes: deposits, acceptances
Lec 9-5: Managing cash flow: discount, rediscount
Lec 9-6: Market rate of interest
Lec 9-7: Central Bank and bank rate
balance sheet of Bank of England
Lec 9-8: The Bagehot Rule, origin of monetary policy
Hawtrey’s Art of Central Banking
Lec 9-9: Limits on central banking: internal vs. external drain