ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Complex of Concealed Tenancy

January 31, 1981 reserve base for deposit and credit creation. The factors governing H and changes in H are largely policy- induced, whereas the factors governing m (money multiplier) and changes in m are largely dependent on the behavioural changes of the public and banks. The author also offers a critical evaluation of the Reserve Bank's house doctrine of money supply based on an ex post accounting identity.

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