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The research program about the history of investment banking gauged in this text the legacy of Jacques Laffitte, one of the initiators of modern investment banking in the years 1800-1840. It assesses the reality of his contributions and argues about their role within the process of modernisation...
Persistent link: https://www.econbiz.de/10005741180
British banks have long attached great importance to capital. Currently they are subject to greater scrutiny and regulation on this issue than ever before. However, it was not until the disclosure of 'hidden reserves' in 1970 that a true picture of British banks' capital emerged. This article...
Persistent link: https://www.econbiz.de/10009221918
significance of bank investments in the market as a whole, of the composition of those investments, and of how those changed in a … that there was a great deal of variation in the size of bank investments relative to total assets, with no evidence of a … commitment to a high liquidity, risk-averse approach to portfolio management which contributed to bank stability and limited the …
Persistent link: https://www.econbiz.de/10009223816
In the last eight centuries there have been hundreds of banking crises throughout the entire planet. Spain has not been an exception and our history is plagued with numerous financial disasters in which the collapse of one institution has jeopardized the stability of the whole financial...
Persistent link: https://www.econbiz.de/10009391684
Presents a memorandum dated March 29, 1935 which was prepared by Lauchlin Currie for Governor Eccles, probably as a basis for a speech. Currie includes a section in which he opposes the right, as under existing law, of the Governor to remain on the Federal Reserve Board if his term of office as...
Persistent link: https://www.econbiz.de/10004964110
There are mainly two types of theories explaining banking crisis, emanating from the monetarist school respectively institutional economics. Using an allegory, monetarists are discussing how much water in terms of liquidity that is needed to stop a fire escalating into a disaster, while...
Persistent link: https://www.econbiz.de/10005836657
study is the beginning of 1964, when a one-tier banking system, based on a state-owned financial institution, the State Bank …
Persistent link: https://www.econbiz.de/10005007218
Banks played a central and, at times, controversial, role in the post-1989 transformation of the Czech economy. This article is trying to assess that role by setting it in a historical and comparative context. Economic historians have specified two broad models of banking behaviour, although the...
Persistent link: https://www.econbiz.de/10005051789
’s experience has been unusual by international standards: the central bank has rarely acted as a lender of last resort; and …, despite this, virtually no Australian bank depositor has lost money. Direct loans were provided only twice: once as a last …-resort loan and once to ease the exit of a failed bank. Instead, support has come in more indirect forms. Loans were provided to …
Persistent link: https://www.econbiz.de/10005423589
Currently, foreign banks own the banks that hold about 80 percent of the assets in Mexican banks. The paper argues that this is the third instance in which foreign-owned banks have initially comprised a large part of the Mexican banking system, and that in the first two cases (1865-1910 and...
Persistent link: https://www.econbiz.de/10005621479