Commercial Bank Liquidity Management, Discretionary Reserve Behavior, and the Allocation of Credit, 1863-1913

Commercial Bank Liquidity Management, Discretionary Reserve Behavior, and the Allocation of Credit, 1863-1913 PDF Author: John Milton Carter
Publisher:
ISBN:
Category : Bank management
Languages : en
Pages : 390

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Commercial Bank Liquidity Management, Discretionary Reserve Behavior, and the Allocation of Credit, 1863-1913

Commercial Bank Liquidity Management, Discretionary Reserve Behavior, and the Allocation of Credit, 1863-1913 PDF Author: John Milton Carter
Publisher:
ISBN:
Category : Bank management
Languages : en
Pages : 390

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Book Description


Commercial Bank Liquidity Management, Discretionary Reserve Behavior, and the Allocation of Credit, 1863-1913

Commercial Bank Liquidity Management, Discretionary Reserve Behavior, and the Allocation of Credit, 1863-1913 PDF Author: John Milton Carter
Publisher: Garland Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 208

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Misunderstanding Financial Crises

Misunderstanding Financial Crises PDF Author: Gary B. Gorton
Publisher: Oxford University Press
ISBN: 0199986886
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Before 2007, economists thought that financial crises would never happen again in the United States, that such upheavals were a thing of the past. Gary B. Gorton, a prominent expert on financial crises, argues that economists fundamentally misunderstand what they are, why they occur, and why there were none in the U.S. from 1934 to 2007. Misunderstanding Financial Crises offers a back-to-basics overview of financial crises, and shows that they are not rare, idiosyncratic events caused by a perfect storm of unconnected factors. Instead, Gorton shows how financial crises are, indeed, inherent to our financial system. Economists, Gorton writes, looked from a certain point of view and missed everything that was important: the evolution of capital markets and the banking system, the existence of new financial instruments, and the size of certain money markets like the sale and repurchase market. Comparing the so-called "Quiet Period" of 1934 to 2007, when there were no systemic crises, to the "Panic of 2007-2008," Gorton ties together key issues like bank debt and liquidity, credit booms and manias, moral hazard, and too-big-too-fail--all to illustrate the true causes of financial collapse. He argues that the successful regulation that prevented crises since 1934 did not adequately keep pace with innovation in the financial sector, due in part to the misunderstandings of economists, who assured regulators that all was well. Gorton also looks forward to offer both a better way for economists to think about markets and a description of the regulation necessary to address the future threat of financial disaster.

The History of Corporate Finance: Developments of Anglo-American Securities Markets, Financial Practices, Theories and Laws Vol 1

The History of Corporate Finance: Developments of Anglo-American Securities Markets, Financial Practices, Theories and Laws Vol 1 PDF Author: Robert E Wright
Publisher: Routledge
ISBN: 100016196X
Category : Business & Economics
Languages : en
Pages : 295

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Book Description
This work contains primary research texts regarding two centuries of the development of corporate finance in the US and Great Britain. It is designed to help scholars, financial managers, and public policymakers to investigate the historical background of issues in contemporary corporate finance.

Catalog of Copyright Entries. Third Series

Catalog of Copyright Entries. Third Series PDF Author: Library of Congress. Copyright Office
Publisher: Copyright Office, Library of Congress
ISBN:
Category : Copyright
Languages : en
Pages : 1608

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The Cumulative Book Index

The Cumulative Book Index PDF Author:
Publisher:
ISBN:
Category : American literature
Languages : en
Pages : 2318

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Book Description
A world list of books in the English language.

Comprehensive Dissertation Index

Comprehensive Dissertation Index PDF Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 792

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Book Description
Vols. for 1973- include the following subject areas: Biological sciences, Agriculture, Chemistry, Environmental sciences, Health sciences, Engineering, Mathematics and statistics, Earth sciences, Physics, Education, Psychology, Sociology, Anthropology, History, Law & political science, Business & economics, Geography & regional planning, Language & literature, Fine arts, Library & information science, Mass communications, Music, Philosophy and Religion.

Books and Pamphlets, Including Serials and Contributions to Periodicals

Books and Pamphlets, Including Serials and Contributions to Periodicals PDF Author: Library of Congress. Copyright Office
Publisher:
ISBN:
Category : American literature
Languages : en
Pages : 1602

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Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy

Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy PDF Author: Eric Monnet
Publisher: International Monetary Fund
ISBN: 1498320473
Category : Business & Economics
Languages : en
Pages : 48

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Book Description
This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were commonly used as monetary policy tools by central banks between the 1930s and 1980s. We build a model that rationalizes the mechanisms described by contemporary central bankers, in which an increase in the liquidity ratio has contractionary effects, because it reduces the quantity of assets banks can pledge as collateral. This effect, akin to quantity rationing, is more pronounced when excess reserves are scarce.

Bibliographic Guide to Business and Economics

Bibliographic Guide to Business and Economics PDF Author: New York Public Library. Research Libraries
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 580

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Book Description