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Autor:
William H. Wallace
Today's financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are ava
Autor:
William H. Wallace
Publikováno v:
The American Monetary System ISBN: 9783319029061
The principal function of the banking system is to facilitate the process of intermediation – that is, to convert the savings of society into productive investments, by obtaining deposits and making loans. Note that the emphasis is on system, as op
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https://doi.org/10.1007/978-3-319-02907-8_3
https://doi.org/10.1007/978-3-319-02907-8_3
Autor:
William H. Wallace
Publikováno v:
The American Monetary System ISBN: 9783319029061
We discussed briefly in Chap. 4 the variety of risks present in the financial industry that arise from the lending process. The most basic and pervasive of these is credit risk. It was the fundamental cause of the financial disaster of 2007–2012. O
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https://explore.openaire.eu/search/publication?articleId=doi_________::52a46d107104fcca2745ee757ee99112
https://doi.org/10.1007/978-3-319-02907-8_10
https://doi.org/10.1007/978-3-319-02907-8_10
Autor:
William H. Wallace
Publikováno v:
The American Monetary System
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cf4530d265e8eb2b93d03c89805ec74d
https://doi.org/10.1007/978-3-319-02907-8
https://doi.org/10.1007/978-3-319-02907-8
Autor:
William H. Wallace
Publikováno v:
The American Monetary System ISBN: 9783319029061
The third and most powerful tool of monetary policy is open market operations. This involves the buying and selling of Treasury securities in the open market. As the Fed pays for securities that it buys, it puts funds into the banking system, which r
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https://explore.openaire.eu/search/publication?articleId=doi_________::c522161d121dd4fb0ae3ea7bbbff7d99
https://doi.org/10.1007/978-3-319-02907-8_12
https://doi.org/10.1007/978-3-319-02907-8_12
Autor:
William H. Wallace
Publikováno v:
The American Monetary System ISBN: 9783319029061
As we noted at the beginning, the US financial industry has been subject to mismanagement, unethical behavior, greed, corruption, excesses and abuses, fraud, and other outright criminal acts. While the industry has suffered some serious blows from th
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https://doi.org/10.1007/978-3-319-02907-8_9
https://doi.org/10.1007/978-3-319-02907-8_9
Autor:
William H. Wallace
Publikováno v:
The American Monetary System ISBN: 9783319029061
To understand the monetary policy process, we must take a more detailed look at the central bank itself, how it is structured, and why it is organized in the manner it is.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5842583dc5dc73ba048b134190dcc74f
https://doi.org/10.1007/978-3-319-02907-8_11
https://doi.org/10.1007/978-3-319-02907-8_11
Autor:
William H. Wallace
Publikováno v:
The American Monetary System ISBN: 9783319029061
In their book, Global Banking, Smith and Walter argue that there are three models of bank-industry linkages [1, p. 431]. The first is what they call the “outsider system,” which is essentially the English/American system. The typical industrial f
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https://explore.openaire.eu/search/publication?articleId=doi_________::34cd11378a386208059698dfe24e6354
https://doi.org/10.1007/978-3-319-02907-8_8
https://doi.org/10.1007/978-3-319-02907-8_8
Autor:
William H. Wallace
Publikováno v:
The American Monetary System ISBN: 9783319029061
In earlier chapters I have related some of my personal experiences in the Federal Reserve as they relate to monetary policy, bank supervision, relations with the Congress, and other federal agencies. In this final chapter, I have collected some remem
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https://explore.openaire.eu/search/publication?articleId=doi_________::b87a4b49f803d640354ac22931b865e1
https://doi.org/10.1007/978-3-319-02907-8_13
https://doi.org/10.1007/978-3-319-02907-8_13
Autor:
William H. Wallace
Publikováno v:
The American Monetary System ISBN: 9783319029061
The monetary system of the United States evolved from an international gold standard. This standard, in its pure form, existed in the United States only briefly – roughly 1879 to 1914. However, some modified form of the gold standard – that is, a
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https://doi.org/10.1007/978-3-319-02907-8_1
https://doi.org/10.1007/978-3-319-02907-8_1