ABSTRACT
IN studying post-war monetary movements we should wish, if it were possible, to have free use of three sets of statistics: (I) statistics relating to the quantity of money (a) in the form of currency, and (b) in the form of bank deposits: (2) statistics relating to non-financial clearings, that is total clearings minus those chiefly concerned with Stock Exchange transactions; and (3), most important of all, but probably not moving very differently from the last, statistics of money income. Satisfactory data are not available under all these heads and we shall have to make shift with estimates.
