The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1886-1897 PDF Download
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Author: Peter L. Rousseau
Publisher:
ISBN:
Category :
Languages : en
Pages : 31
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Book Description
Author: Peter L. Rousseau
Publisher:
ISBN:
Category :
Languages : en
Pages : 31
Get Book Here
Book Description
Author: Peter L. Rousseau
Publisher:
ISBN:
Category : Bank stocks
Languages : en
Pages : 31
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Book Description
The rapid growth of deposits in New York City over the three decades following the Civil War is often attributed to the release of pent-up demand for the services that transactions accounts could provide. I advance a complementary explanation that centers on the existence of an increasingly efficient market for bank shares. The stock market was important because it generated price and dividend quotations that signaled depositors about the soundness of individual banks, thereby directing the expansion. At the same time, innovations within the city's banks created conditions under which stock prices became more informative, reducing asymmetries between banks and depositors to a point where confidence in banks could grow. Using a new database of stock prices, dividends, and balance sheet items for traded New York City banks from 1866 to 1897, a series of dynamic panel data models supports the proposed mechanism.
Author: Historical Publishing Company (New York, N.Y.)
Publisher:
ISBN:
Category : Bankers
Languages : en
Pages : 240
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Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 220
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Book Description
Author: Robert Sobel
Publisher: Beard Books
ISBN: 9781893122666
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
Author: Bradford Dorr
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 232
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Book Description
Author: Margaret Good Myers
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 522
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Book Description
Examines the New York Money Market from the early 1800's through 1863 with the passage of the National Bank Act with special attention to securities, loans and the foreign exchange market.
Author: Margaret G. Myers
Publisher:
ISBN:
Category : Money market
Languages : en
Pages : 512
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 462
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Book Description
Author: R. Glenn Hubbard
Publisher: University of Chicago Press
ISBN: 9780226355887
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
Warnings of the threat of an impending financial crisis are not new, but do we really know what constitutes an actual episode of crisis and how, once begun, it can be prevented from escalating into a full-blown economic collapse? Using both historical and contemporary episodes of breakdowns in financial trade, contributors to this volume draw insights from theory and empirical data, from the experience of closed and open economies worldwide, and from detailed case studies. They explore the susceptibility of American corporations to economic downturns; the origins of banking panics; and the behavior of financial markets during periods of crisis. Sever papers specifically address the current thrift crisis—including a detailed analysis of the over 500 FSLIC-insured thrifts in the southeast—and seriously challenge the value of recent measures aimed at preventing future collapse in that industry. Government economists and policy makers, scholars of industry and banking, and many in the business community will find these timely papers an invaluable reference.
