The Bank of Israel - Vol. 1

By Haim Barkai; Nissan Liviatan | Go to book overview

Notes

Overview

1. The Bretton Woods system, in which members of the “club” adopted a set of fixed exchange rates, was clearly designed to function as a surrogate gold standard. Thus, it was basically a monetary-dominance arrangement.

2. This point is discussed in greater detail below. The theoretical foundation of this technique of securing price stability is set forth in Woodford (2003).

3. 5714 denotes the year according to the Jewish calendar.

4. Throughout this study, in both its volumes, GNP figures are used up to approximately 1973 and GDP as well as GNP series appear from then onward. This reflects the statistical conventions in the two periods.

5. Excluding 2000, the year of the global high-tech bubble.


Chapter 1 Emergence of the Monetary Texture and Macroeconomic
Developments, 1948–54

1. See Keynes (1913), pp. 1–44.

2. Profits from Currency Board investments were channeled to Revenue of Palestine and a Crown Agents Reserve Account (Ottensooser, 1955, p. 159).

3. See data on U.K. government current expenditures and central government capital accounts in 1920–38 in Feinstein (1976), tables 12, 33, and 34, and in Howson (1975), tables 4A and 4B. The last-mentioned table shows that the budget was in surplus between 1928 and 1938, and that the British government redeemed debt out of revenue year in and year out between 1921 and 1938. The volume of these redemptions, however, was negligible in terms of the major real and nominal aggregates of the United Kingdom.

4. Szereszewski’s estimate of the average annual rate of increase in domestic sources available to the economy—probably a more suitable variable to posit vis-à-vis the

-295-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
The Bank of Israel - Vol. 1
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 333

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.