Briefly explain what happened to the currencyto-deposit ratio (C/D) and the excess reserves-todeposit ratio (ER/D) during the
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Briefly explain what happened to the currencyto-deposit ratio (C/D) and the excess reserves-todeposit ratio (ER/D) during the financial crisis of 2007–2009. What effect did these changes have on the size of the money multiplier?
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Related Book For
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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