【PPT精品课件】货币金融学7版英文课件--16-大学课件2.pptVIP

;The Simple Deposit Multiplier from Chapter 15;Critique of the Simple Model;The Money Supply Model;M = m ? MB Deriving Money Multiplier R = DR DR = r ? D R = (r ? D) Adding C to both sides R + C = MB = C + (r ? D) 1. Tells us amount of MB needed support D and C 2. An extra $1 of MB that arises from an extra $1 of C does not support any additional D. That is, the C component of MB does not lead to a multiple deposit creation as the R component does. ;To put it differently, An ? in MB that goes into C is not multiplied, whereas an ? that goes into supporting deposits is multiplied. We have