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Author: Forrest Capie
Publisher: Taylor & Francis
Published: 1999
Total Pages: 264
ISBN-13: 9780415201667
DOWNLOAD EBOOKThis collection of rare texts from the mid nineteenth century shows how the principle of banking in England came to be established and accepted in the period when British banks achieved their greatest stability.
Author: Forrest Capie
Publisher: Taylor & Francis
Published: 1999
Total Pages: 252
ISBN-13: 9780415201650
DOWNLOAD EBOOKThis collection of rare texts from the mid nineteenth century shows how the principle of banking in England came to be established and accepted in the period when British banks achieved their greatest stability.
Author: Forrest Capie
Publisher: Taylor & Francis
Published: 1999
Total Pages: 100
ISBN-13: 9780415201612
DOWNLOAD EBOOKThis collection of rare texts from the mid nineteenth century shows how the principle of banking in England came to be established and accepted in the period when British banks achieved their greatest stability.
Author: James William Gilbart
Publisher: Taylor & Francis
Published: 1999
Total Pages: 674
ISBN-13: 9780415201605
DOWNLOAD EBOOKAuthor: R. Glenn Hubbard
Publisher: University of Chicago Press
Published: 1991-08-13
Total Pages: 420
ISBN-13: 9780226355887
DOWNLOAD EBOOKWarnings 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.
Author: Mr.Jaromir Benes
Publisher: International Monetary Fund
Published: 2012-08-01
Total Pages: 71
ISBN-13: 1475505523
DOWNLOAD EBOOKAt 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: Anthony C. Hotson
Publisher: Cambridge University Press
Published: 2017-06-15
Total Pages: 309
ISBN-13: 1108191207
DOWNLOAD EBOOKThe financial collapse of 2007–8 has questioned our assumptions about the underlying basis for stability in the financial system, and Anthony Hotson here offers an important reassessment of the development of London's money and credit markets since the great currency crisis of 1695. He shows how this period has seen a series of intermittent financial crises interspersed with successive attempts to find ways and means of stabilizing the system. He emphasises, in particular, the importance of various principles of sound banking practice, developed in the late nineteenth century, that helped to stabilize London's money and credit markets. He shows how these principles informed a range of market practices that limited aggressive forms of funding, and discouraged speculative lending. A tendency to downplay the importance of these regulatory practices encouraged a degree of complacency about their removal, with consequences right through to the present day.
Author: Youssef Cassis
Publisher: Oxford University Press
Published: 2021
Total Pages: 228
ISBN-13: 0198870906
DOWNLOAD EBOOKThe chapters in this book reflect on people's relationships with past financial crises - from public opinion to business leaders and policy makers. In connection with financial crises, Remembering and Learning from Financial Crises addresses three fundamental questions: first, are financial crises remembered, and if so how? Second, have lessons been drawn from past financial crises? And third, have past experiences been used in order to make practical decisions when confronted with a new crisis? These questions are of course related, yet they have been approached from different historical perspectives, using methodologies borrowed from different academic disciplines. One of the objectives of this book is to explore how these approaches can complement each other in order to better understand the relationships between remembering and learning from financial crises and how the past is used by financial institutions. It thus recognises financial crisis as a recurring phenomenon and addresses the impact that this has in a range of public and policy contexts.
Author: Tony Van Gestel
Publisher: Oxford University Press
Published: 2009
Total Pages: 552
ISBN-13: 0199545111
DOWNLOAD EBOOKThis first of three volumes on credit risk management, providing a thorough introduction to financial risk management and modelling.
Author: Mr.Stijn Claessens
Publisher: International Monetary Fund
Published: 2013-01-30
Total Pages: 66
ISBN-13: 1475561008
DOWNLOAD EBOOKThis paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.
