Abstract
Tobin's banking system model, 83. — Opening the Tobin model, 86. — Foreign sector, 86. — Stationary-state, portfolio balance, 87. — Banking sector, 89. — High-powered money, 89. — Aggregate demand and supply, 90. — Government sector, 91. — Monetary policy, 93. — Fixed exchange rate: increase in required reserve ratio, 94. — Floating exchange rate, 97. — Conclusions, 99. — Appendix I: notation, 100. — Appendix II, 100.
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