Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit: 1863 - 1913
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York u.a.
Garland Publ.
1992
|
| Series: | The financial sector of the American economy
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XVI, 179 S. |
| ISBN: | 0815309627 |
Staff View
MARC
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| 245 | 1 | 0 | |a Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit |b 1863 - 1913 |c J. M. Carter |
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Record in the Search Index
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| adam_text | Contents
Chapter Page
I. INTRODUCTION 3
Purpose of the Study 3
Organization and Regulation of Commercial
Banks 6
II. THEORETICAL FRAMEWORK 17
The Multiple Expansion Process 17
The Theory of Commercial Bank Portfolio
Selection 24
III. THE SECONDARY RESERVES OF
COMMERCIAL BANKS 35
Bank Earnings and the Importance of Liquidity 35
The Composition of Secondary Reserves 45
IV. BANK LIQUIDITY AND THE RISK OF CASH
LOSS: NON COMPETITIVE LIQUIDATIONS 69
Risk Avoidance in Commercial Banking 69
Measuring the Adequacy of Bank Liquidity 73
Risk Avoidance and Ignorance as Explanations
of Surplus Liquidity 86
V. BANK LIQUIDITY AND THE RISK OF CASH
LOSS: COMPETITIVE LIQUIDATIONS 99
The Commercial Bank Liquidity Problem During
Financial Crises 99
General Currency Drains and the Adequacy
of Bank Reserves 118
v
vi Contents
VI. SUMMARY AND CONCLUSIONS 137
Summary of the Findings 137
The Allocation of Bank Credit, the Development
of Financial Markets, and American Economic
Growth 139
Reforming the Banking System 142
APPENDIX A. COMPUTATION OF BALANCE
SHEET ITEMS 153
APPENDIX B. DEPOSIT VOLATILITY: NEW
YORK CLEARING HOUSE
BANKS 155
BIBLIOGRAPHY 159
INDEX 175
Tables
Table Page
1.1. Distribution of Commercial Banks and Bank
Assets, by Type of Institution, 1909 7
3.1. Distribution of Bank Credit and Net Bankers
Deposits Held, 1909: National Banks 36
3.2. Distribution of Bank Credit and Net Bankers
Deposits Held, 1909: State Banks 37
3.3. Decennial Average Short Term Interest Rates
and Bond Yields, 1870 1919 39
3.4. Secondary Reserve Assets of National and
State Banks, 1909 57
4.1. Deposit Volatility: New York Clearing House
Banks 78
4.2. Surplus Liquid Assets of National and State
Banks, 1909 81
4.3. Required Reserves Held by National and State
Banks, 1909 84
4.4. Average Liquidity Yield on Surplus Liquid
Assets of National Banks 89
4.5. Implied Average Rates of Substitution of
Earnings for Safety 92
5.1. Average Balance Sheet Items of National Banks,
1873, 1893, 1907 104
5.2. The Adjustment Process in New York, 1873,
1893, 1907 108
vii
viii Tables
5.3. Bond Price Movements, 1873, 1893, 1907 110
5.4. Potential Increase in Private Currency Holdings
and in the Ratio of Currency to the Total Money
Stock, 1873, 1893, 1907 125
5.5. Ratio of Currency to the Total Money Stock:
Observed and Potential Levels, 1873, 1893,
1907 126
Illustrations
Figure Page
2.1. The Multiple Expansion Process: Net
Inter Bank Debtors 20
2.2. The Multiple Expansion Process: Net
Inter Bank Creditors 20
2.3. The Multiple Expansion Process: All
Commercial Banks 23
3.1. The Market for Commercial Bank Credit 43
4.1. The Earnings Liquidity Trade off 72
5.1. Policy Options: Net Inter Bank Creditors 101
5.2. Policy Options: Net Inter Bank Debtors 101
5.3. The Response of the Banking System to a
Decline in the Currency Ratio 122
ix
|
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| discipline | Wirtschaftswissenschaften |
| era | Geschichte 1863-1913 gnd |
| era_facet | Geschichte 1863-1913 |
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| indexdate | 2024-07-09T17:08:40Z |
| institution | BVB |
| isbn | 0815309627 |
| language | English |
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| physical | XVI, 179 S. |
| publishDate | 1992 |
| publishDateSearch | 1992 |
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| record_format | marc |
| series2 | The financial sector of the American economy |
| spelling | Carter, John M. Verfasser aut Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit 1863 - 1913 J. M. Carter New York u.a. Garland Publ. 1992 XVI, 179 S. txt rdacontent n rdamedia nc rdacarrier The financial sector of the American economy Geschichte 1863-1913 gnd rswk-swf Bank Geschichte Bank liquidity United States History Bank management United States History Bank reserves United States History Banks and banking United States History Credit control United States History Portfoliomanagement (DE-588)4115601-8 gnd rswk-swf Handelsbank (DE-588)4158981-6 gnd rswk-swf Liquiditätspolitik (DE-588)4114429-6 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Handelsbank (DE-588)4158981-6 s Portfoliomanagement (DE-588)4115601-8 s Liquiditätspolitik (DE-588)4114429-6 s Geschichte 1863-1913 z DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005087859&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Carter, John M. Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit 1863 - 1913 Bank Geschichte Bank liquidity United States History Bank management United States History Bank reserves United States History Banks and banking United States History Credit control United States History Portfoliomanagement (DE-588)4115601-8 gnd Handelsbank (DE-588)4158981-6 gnd Liquiditätspolitik (DE-588)4114429-6 gnd |
| subject_GND | (DE-588)4115601-8 (DE-588)4158981-6 (DE-588)4114429-6 (DE-588)4078704-7 |
| title | Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit 1863 - 1913 |
| title_auth | Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit 1863 - 1913 |
| title_exact_search | Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit 1863 - 1913 |
| title_full | Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit 1863 - 1913 J. M. Carter |
| title_fullStr | Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit 1863 - 1913 J. M. Carter |
| title_full_unstemmed | Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit 1863 - 1913 J. M. Carter |
| title_short | Commercial bank liquidity management, discretionary reserve behavior, and the allocation of credit |
| title_sort | commercial bank liquidity management discretionary reserve behavior and the allocation of credit 1863 1913 |
| title_sub | 1863 - 1913 |
| topic | Bank Geschichte Bank liquidity United States History Bank management United States History Bank reserves United States History Banks and banking United States History Credit control United States History Portfoliomanagement (DE-588)4115601-8 gnd Handelsbank (DE-588)4158981-6 gnd Liquiditätspolitik (DE-588)4114429-6 gnd |
| topic_facet | Bank Geschichte Bank liquidity United States History Bank management United States History Bank reserves United States History Banks and banking United States History Credit control United States History Portfoliomanagement Handelsbank Liquiditätspolitik USA |
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