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The monetary mechanics of the crisis. Bruegel Policy Contribution 2009/08, August 2009

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Figure

Figure 1: Money stocks and base money in the US
Figure 3: Cash and reserves coefficients in theUS during the Great Depression
Figure 4: M1, M2 and monetary base in the US,January 1999-May 2009 (Jan 1999=100)
Figure 8: Loan supply and loan multiplier in the
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