Essays on Banking Reform in the United States PDF Download
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Author: Paul Moritz Warburg
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 248
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Book Description
Author: Paul Moritz Warburg
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 248
Get Book Here
Book Description
Author: Academy of Political Science (U.S.)
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 239
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Book Description
Author: Elmus Wicker
Publisher: Cambridge University Press
ISBN: 0521770238
Category : Business & Economics
Languages : en
Pages : 182
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Book Description
This study of post-Civil War banking panics has constructed estimates of bank closures and their incidence in five separate banking disturbances. The book reconstructs the course of banking panics in the interior, where suspension of cash payment was the primary effect on the average person.
Author: Paul M. Warburg
Publisher:
ISBN:
Category :
Languages : en
Pages : 228
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Book Description
Author: Paul Moritz Warburg
Publisher: Forgotten Books
ISBN: 9781333636050
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
Excerpt from Essays on Banking Reform in the United States In many minor respects also the Federal Reserve Act differs from the Aldrich bill; but in the two fundamentals of combined reserves and of a discount policy, the Federal Reserve Act has frankly accepted the principles of the Aldrich bill; and these principles, as has been stated, were the creation of Mr. Warburg and of Mr. Warburg alone. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Mr.Jaromir Benes
Publisher: International Monetary Fund
ISBN: 1475505523
Category : Business & Economics
Languages : en
Pages : 71
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Book Description
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
Author: Morris Goldstein
Publisher: Columbia University Press
ISBN: 0881327069
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
Spurred by the success of the first stress test of US banks toward the end of the global economic crisis in 2009, stress testing of large financial institutions has become the cornerstone of banking supervision worldwide. The aim of the tests is to determine which banks are adequately capitalized under severe economic shocks and to order corrective measures for those that are vulnerable. In Banking’s Final Exam, one of the world’s leading experts on banking regulation concludes that the tests administered on both sides of the Atlantic suffer from fundamental weaknesses, leading to a false sense of reassurance about the safety and soundness of the banking system. Some weaknesses can be corrected within the existing bank-capital regime, but others will require bold reforms—including higher minimum capital requirements for the largest and most systemically-important banks. The banking industry is likely to resist these reforms, but this book explains why their objections do not hold water.
Author: Mr.Luis Ignacio Jácome
Publisher: International Monetary Fund
ISBN: 1484303180
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.
Author:
Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 820
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Book Description
Author: United States. Department of the Treasury
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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Book Description
