The Expansion Power of the English Banking System

Leonard L. Watkins

The Quarterly Journal of Economics, 1938, vol. 53, issue 1, 1-37

Abstract: Scope and purpose of study, 1.— I. Reserve policies of London Clearing House banks: primary expansion, 2.— Customary reserve ratios, 2.— Coefficients of expansion: commercial banking system, 8.— Individual commercial banks, 10.— II. Reserve policies of the Bank of England: systemic expansion, 16. — Deposit expansion, 17. — Currency and deposit expansion, 27.— III. Coefficients of expansion as guides for banking policy and reform, 35.

Date: 1938
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