布兰查德宏观经济学第四版第章.pptVIP

What Banks Do Loans represent roughly 70% of banks’ nonreserve assets. Bonds account for the rest (30%). The assets of the central bank are the bonds it holds. The liabilities of the central bank are the money it has issued, central bank money. The new feature is that not all central bank money is held as currency by the public. Some of its is held as reserves by banks(partly in cash and partly in their cenrtral bank accounts.) * 第二十八页，共四十四页。 Rumors that a bank is not doing well and some loans will not be repaid, will lead people to close their accounts at that bank. If enough people do so,