TY  - JOUR
AB  - Looks at the excess reserves of 1937 in the USA, which were well over $2 billion. Discusses what criterion can be used to determine the adequacy or excessiveness of the volume of money and what the prospects would be for further expansion if no action were taken. Concludes that on balance, probabilities appear to suggest that further expansion will occur unless checked, and that adequate monetary grounds exist, therefore, for taking action to prevent an injurious expansion of credit.
VL  - 31
IS  - 3/4
SN  - 0144-3585
DO  - 10.1108/01443580410699448
UR  - https://doi.org/10.1108/01443580410699448
ED  - Roger J. Sandilands
PY  - 2004
Y1  - 2004/01/01
TI  - Would a further expansion of money be “injurious”? January 25, 1937
T2  - Journal of Economic Studies
PB  - Emerald Group Publishing Limited
SP  - 321
EP  - 326
Y2  - 2024/05/11
ER  -