Author: Henry Dunning Macleod
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 450
Book Description
The Theory and Practice of Banking
Author: Henry Dunning Macleod
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 450
Book Description
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 450
Book Description
The Theory and Practice of Banking, Vol. 1 (Classic Reprint)
Author: Henry Dunning MacLeod
Publisher:
ISBN: 9781330456064
Category : Business & Economics
Languages : en
Pages : 586
Book Description
Excerpt from The Theory and Practice of Banking, Vol. 1 The same continued; On Confusio, in Roman Law; The Release of a Debt may Extinguish an Obligation in Two ways; When + 100 cancels - 100, and when it does not; On Payment in Money; On Renewal, or Transfer: or Novatio; On Delegatio; A Set Off: or Compensation; Compensation allowed as a Right; Set Off allowed as a Right; Examples of Set Off, or Compensation; On the Quantity of Credit compared to the Quantity of Money; Two Branches of the System of Credit; On Commercial Credit; Application of Credit in Commerce; On the System of Credit based upon simultaneous Transfers of Commodities; Debts made transferable; Credit used by Foreign Merchants Exaggerated Ideas of the Security of Real Bills; On Accommodation Bills; Distinction between Bills of Exchange and Bills of Lading; On Credit created for the purpose of being applied to the Formation of New Products; The Theory of Banking; Application of the Juridical Theory of Credit to the business of Banking; On the Meaning of the word Bank; Meaning of Bank in English; Meaning of the word Banker; On the Currency Principle; On the Mechanism of Banking; On the Common Error respecting Deposits; In Banking Language a Deposit and an Issue are the same; On the method of Utilising Banking Credits; Operations by means of Cheques 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."
Publisher:
ISBN: 9781330456064
Category : Business & Economics
Languages : en
Pages : 586
Book Description
Excerpt from The Theory and Practice of Banking, Vol. 1 The same continued; On Confusio, in Roman Law; The Release of a Debt may Extinguish an Obligation in Two ways; When + 100 cancels - 100, and when it does not; On Payment in Money; On Renewal, or Transfer: or Novatio; On Delegatio; A Set Off: or Compensation; Compensation allowed as a Right; Set Off allowed as a Right; Examples of Set Off, or Compensation; On the Quantity of Credit compared to the Quantity of Money; Two Branches of the System of Credit; On Commercial Credit; Application of Credit in Commerce; On the System of Credit based upon simultaneous Transfers of Commodities; Debts made transferable; Credit used by Foreign Merchants Exaggerated Ideas of the Security of Real Bills; On Accommodation Bills; Distinction between Bills of Exchange and Bills of Lading; On Credit created for the purpose of being applied to the Formation of New Products; The Theory of Banking; Application of the Juridical Theory of Credit to the business of Banking; On the Meaning of the word Bank; Meaning of Bank in English; Meaning of the word Banker; On the Currency Principle; On the Mechanism of Banking; On the Common Error respecting Deposits; In Banking Language a Deposit and an Issue are the same; On the method of Utilising Banking Credits; Operations by means of Cheques 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."
British and German Banking Strategies
Author: S. Janssen
Publisher: Springer
ISBN: 0230233937
Category : Business & Economics
Languages : en
Pages : 305
Book Description
The author investigates the strategies of eight publicly listed banks in Britain and Germany in the context of European financial integration. Evidence is provided that banks with defensive strategies fared better than those which attempted to break out of a coherent financial system in order to embrace new business opportunities
Publisher: Springer
ISBN: 0230233937
Category : Business & Economics
Languages : en
Pages : 305
Book Description
The author investigates the strategies of eight publicly listed banks in Britain and Germany in the context of European financial integration. Evidence is provided that banks with defensive strategies fared better than those which attempted to break out of a coherent financial system in order to embrace new business opportunities
Mystery of Banking, The
Author: Murray Newton Rothbard
Publisher: Ludwig von Mises Institute
ISBN: 1610163842
Category : Banks and banking
Languages : en
Pages : 322
Book Description
Publisher: Ludwig von Mises Institute
ISBN: 1610163842
Category : Banks and banking
Languages : en
Pages : 322
Book Description
The Kelly Capital Growth Investment Criterion
Author: Leonard C. MacLean
Publisher: World Scientific
ISBN: 9814293490
Category : Business & Economics
Languages : en
Pages : 883
Book Description
This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured.
Publisher: World Scientific
ISBN: 9814293490
Category : Business & Economics
Languages : en
Pages : 883
Book Description
This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured.
Paperbound Books in Print
Author:
Publisher:
ISBN:
Category : Paperbacks
Languages : en
Pages : 1192
Book Description
Publisher:
ISBN:
Category : Paperbacks
Languages : en
Pages : 1192
Book Description
A Primer on Money, Banking, and Gold (Peter L. Bernstein's Finance Classics)
Author: Peter L. Bernstein
Publisher: LibreDigital
ISBN: 9780470384220
Category : Business & Economics
Languages : en
Pages : 192
Book Description
One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperitya??which have forewords by financial luminaries and new introductions by the authora??you can enjoy some of the best of Bernstein in his earlier Wall Street days. With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial systema??its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces. Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy. This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.
Publisher: LibreDigital
ISBN: 9780470384220
Category : Business & Economics
Languages : en
Pages : 192
Book Description
One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management. Now, with classic titles such as Economist on Wall Street, A Primer on Money, Banking, and Gold, and The Price of Prosperitya??which have forewords by financial luminaries and new introductions by the authora??you can enjoy some of the best of Bernstein in his earlier Wall Street days. With the proliferation of financial instruments, new areas of instability, and innovative capital market strategies, many economists and investors have lost sight of the fundamentals of the financial systema??its strengths as well as its weaknesses. A Primer on Money, Banking, and Gold takes you back to the beginning and sorts out all the pieces. Peter Bernstein skillfully addresses how and why commercial banks lend and invest, where money comes from, how it moves from hand to hand, and the critical role of interest rates. He explores the Federal Reserve System and the consequences of the Fed's actions on the overall economy. But this book is not just about the past. Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, as he provides extensive views on the future of money, banking, and gold in the world economy. This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever.
Books Out-of-print
Author:
Publisher:
ISBN:
Category : Out-of-print books
Languages : en
Pages : 1078
Book Description
Publisher:
ISBN:
Category : Out-of-print books
Languages : en
Pages : 1078
Book Description
A History of the Federal Reserve, Volume 1
Author: Allan H. Meltzer
Publisher: University of Chicago Press
ISBN: 0226520005
Category : Business & Economics
Languages : en
Pages : 884
Book Description
This first volume of Allan H. Meltzer's history of the Federal Reserve System covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951. To understand why the Federal Reserve acted as it did at key points in its history, Meltzer draws on meeting minutes, correspondence, and other internal documents (many made public only during the 1970s) to trace the reasoning behind its policy decisions. He explains why the Federal Reserve remained passive throughout most of the economic decline that led to the Great Depression, and how the Board's actions helped to produce the deep recession of 1937 and 1938. He also highlights the impact that individuals had on the institution, such as Benjamin Strong, governor of the Federal Reserve Bank of New York in the 1920s, who played a large role in the adoption of a more active monetary policy by the Federal Reserve. From attempts to build a new international financial system at the London Monetary and Economic Conference of 1933 to the Bretton Woods Agreement of 1944 that established the International Monetary Fund and the World Bank, Meltzer also examines the influence the Federal Reserve has had on international affairs. The second, and last volume of this history covers the years 1951 to 1986 in two parts. These include the time of the Federal Reserve's second major mistake, the Great Inflation, and the subsequent disinflation. The volume summarizes the record of monetary policy during the inflation and disinflation.
Publisher: University of Chicago Press
ISBN: 0226520005
Category : Business & Economics
Languages : en
Pages : 884
Book Description
This first volume of Allan H. Meltzer's history of the Federal Reserve System covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951. To understand why the Federal Reserve acted as it did at key points in its history, Meltzer draws on meeting minutes, correspondence, and other internal documents (many made public only during the 1970s) to trace the reasoning behind its policy decisions. He explains why the Federal Reserve remained passive throughout most of the economic decline that led to the Great Depression, and how the Board's actions helped to produce the deep recession of 1937 and 1938. He also highlights the impact that individuals had on the institution, such as Benjamin Strong, governor of the Federal Reserve Bank of New York in the 1920s, who played a large role in the adoption of a more active monetary policy by the Federal Reserve. From attempts to build a new international financial system at the London Monetary and Economic Conference of 1933 to the Bretton Woods Agreement of 1944 that established the International Monetary Fund and the World Bank, Meltzer also examines the influence the Federal Reserve has had on international affairs. The second, and last volume of this history covers the years 1951 to 1986 in two parts. These include the time of the Federal Reserve's second major mistake, the Great Inflation, and the subsequent disinflation. The volume summarizes the record of monetary policy during the inflation and disinflation.
Books in Print
Author:
Publisher:
ISBN:
Category : American literature
Languages : en
Pages : 2132
Book Description
Publisher:
ISBN:
Category : American literature
Languages : en
Pages : 2132
Book Description