The Evolution of the Money Market (1385-1915)
Author | : Ellis Thomas Powell |
Publisher | : London : Cass, 1966 [1915] |
Total Pages | : 762 |
Release | : 1915 |
Genre | : Banks and banking |
ISBN | : |
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Author | : Ellis Thomas Powell |
Publisher | : London : Cass, 1966 [1915] |
Total Pages | : 762 |
Release | : 1915 |
Genre | : Banks and banking |
ISBN | : |
Author | : Walter Bagehot |
Publisher | : |
Total Pages | : 380 |
Release | : 1906 |
Genre | : Banks and banking |
ISBN | : |
Author | : Charles Albert Eric Goodhart |
Publisher | : Harvard University Press |
Total Pages | : 262 |
Release | : 1969 |
Genre | : Business & Economics |
ISBN | : 9780674619500 |
The early 1900s U.S. saw considerable seasonal variations in the balance of trade, primarily caused by the annual agricultural cycle. This examination of the New York money market demonstrates that the frequent fluctuations in monetary conditions were caused by variations in the trade flows rather than capital movements by banks.
Author | : Glyn Davies |
Publisher | : University of Wales Press |
Total Pages | : 1308 |
Release | : 2016-05-15 |
Genre | : Business & Economics |
ISBN | : 1783163119 |
A History of Money looks at how money as we know it developed through time. Starting with the barter system, the basic function of exchanging goods evolved into a monetary system based on coins made up of precious metals and, from the 1500s onwards, financial systems were established through which money became intertwined with commerce and trade, to settle by the mid-1800s into a stable system based upon Gold. This book presents its closing argument that, since the collapse of the Gold Standard, the global monetary system has undergone constant crisis and evolution continuing into the present day.
Author | : Andrew W. Lo |
Publisher | : Princeton University Press |
Total Pages | : 503 |
Release | : 2019-05-14 |
Genre | : Business & Economics |
ISBN | : 069119680X |
A new, evolutionary explanation of markets and investor behavior Half of all Americans have money in the stock market, yet economists can’t agree on whether investors and markets are rational and efficient, as modern financial theory assumes, or irrational and inefficient, as behavioral economists believe. The debate is one of the biggest in economics, and the value or futility of investment management and financial regulation hangs on the answer. In this groundbreaking book, Andrew Lo transforms the debate with a powerful new framework in which rationality and irrationality coexist—the Adaptive Markets Hypothesis. Drawing on psychology, evolutionary biology, neuroscience, artificial intelligence, and other fields, Adaptive Markets shows that the theory of market efficiency is incomplete. When markets are unstable, investors react instinctively, creating inefficiencies for others to exploit. Lo’s new paradigm explains how financial evolution shapes behavior and markets at the speed of thought—a fact revealed by swings between stability and crisis, profit and loss, and innovation and regulation. An ambitious new answer to fundamental questions about economics and investing, Adaptive Markets is essential reading for anyone who wants to understand how markets really work.
Author | : Reinhold C. Mueller |
Publisher | : Johns Hopkins University Press |
Total Pages | : 746 |
Release | : 2019-12-01 |
Genre | : History |
ISBN | : 9781421431437 |
It sets banking—and panics—in the context of more generalized and recurrent crises involving territorial wars, competition for markets, and debates over interest rates and the question of usury.
Author | : Keith Roberts |
Publisher | : Columbia University Press |
Total Pages | : 381 |
Release | : 2011-06-28 |
Genre | : Business & Economics |
ISBN | : 0231526857 |
To understand business and its political, cultural, and economic context, it helps to view it historically, yet most business histories look no further back than the nineteenth century. The full sweep of business history actually begins much earlier, with the initial cities of Mesopotamia. In the first book to describe and explain these origins, Roberts depicts the society of ancient traders and consumers, tracing the roots of modern business and underscoring the relationship between early and modern business practice. Roberts's narrative begins before business, which he defines as selling to voluntary buyers at a profit. Before business, he shows, the material conditions and concepts for the pursuit of profit did not exist, even though trade and manufacturing took place. The earliest business, he suggests, arose with the long distance trade of early Mesopotamia, and expanded into retail, manufacturing and finance in these command economies, culminating in the Middle Eastern empires. (Part One) But it was the largely independent rise of business, money, and markets in classical Greece that produced business much as we know it. Alexander the Great's conquests and the societies that his successors created in their kingdoms brought a version of this system to the old Middle Eastern empires, and beyond. (Part Two) At Rome this entrepreneurial market system gained important new features, including business corporations, public contracting, and even shopping malls. The story concludes with the sharp decline of business after the 3rd century CE. (Part Three) In each part, Roberts portrays the major new types of business coming into existence. He weaves these descriptions into a narrative of how the prevailing political, economic, and social culture shaped the nature and importance of business and the status, wealth, and treatment of business people. Throughout, the discussion indicates how much (and how little) business has changed, provides a clear picture of what business actually is, presents a model for understanding the social impact of business as a whole, and yields stimulating insights for public policy today.
Author | : Gary Strumeyer |
Publisher | : John Wiley & Sons |
Total Pages | : 661 |
Release | : 2017-01-30 |
Genre | : Business & Economics |
ISBN | : 1119220548 |
The Capital Markets: evolution of the financial ecosystem is the new standard providing practical text book style coverage of this dynamic market and its products. Written by the former President of BNY Mellon Capital Markets, LLC for both financial professionals and novices, The Capital Markets provides a comprehensive macro view of the marketplace and how its products operate. The subject matter offers an authoritative discussion of the fundamentals of both, the fixed income and equity markets, underwriting, securitizations, derivatives, currency among other products through the lens of leading industry practitioners. Key Learning Concepts Understand the impact of both global and domestic regulatory changes Learn about the products that holistically make up the capital markets Explore the components of the infrastructure that underpins these markets Examine the tools used for trading and managing risk Review new product innovations
Author | : Jeremy Atack |
Publisher | : Cambridge University Press |
Total Pages | : 497 |
Release | : 2009-03-16 |
Genre | : Business & Economics |
ISBN | : 1139477048 |
Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.
Author | : Marcia L. Stigum |
Publisher | : McGraw-Hill Professional Publishing |
Total Pages | : 764 |
Release | : 1983 |
Genre | : Business & Economics |
ISBN | : |
**** The first edition (1978) is cited in BCL3 (the 1983 edition was not noticed by the editors?). This is the standard reference on the subject, updated to cover developments since 1983. New or substantially revised chapters cover interest-rate swaps, medium-term notes (including bank deposit notes) futures (Treasury and Euro), options, loan-participation sales, banking (domestic and Euro), and the commercial paper market. Annotation copyrighted by Book News, Inc., Portland, OR