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Author: Edwin Walter Kemmerer Publisher: CreateSpace ISBN: 9781502547491 Category : Business & Economics Languages : en Pages : 222
Book Description
“AT first sight the book appears to be a considerably more elaborate treatise than the title would indicate, but a closer examination reveals the fact that but 90 pages, set in large type, are given to the discussion of the subject in hand. The rest of the volume is given over to four appendices containing, respectively, an annotated combined balance sheet of the twelve banks, the complete text of the Federal Reserve act and amendments, the parts of the text of the Farm Loan act affecting the federal reserve system and that part of the War Revenue act of April 24, 1917, which affects federal reserve banks. Two indexes follow, one of the act and its amendments and the other to the author's own text. The former is highly unsatisfactory since it refers only to sections, many of which cover a number of pages and subjects. “The purpose of the present work is, according to the author, "to set forth in non-technical language the chief reasons why the federal reserve system was called into being, the main feature of its organization and how it works." In his first four chapters, Professor Kemmerer has singled out for brief discussion, what he considers the four groups of chief defects of our old banking system, viz., decentralization, inelasticity of credit, cumbersome exchange and transfer system, and defective organization as regards relationship with the federal treasury. The remaining four chapters point out the respective remedies which are provided by the federal reserve system. Not only are the legislative provisions of the system recorded in each case but the progress made to date in carrying them out is summarized as well. To boil down into a few brief paragraphs, free from technical language, the important features of so complicated and comprehensive a subject is by no means easy, but Professor Kemmerer has performed the task in admirable fashion. Naturally, however, detailed explanation had to be sacrificed to brevity with the result that a reader without a fair knowledge of our financial mechanism and its method of operation may experience some difficulty in following some portions of the discussion.” —The American Economic Review, Volume 9
Author: Edwin Walter Kemmerer Publisher: Forgotten Books ISBN: 9781334426339 Category : Business & Economics Languages : en Pages : 228
Book Description
Excerpt from The A B C of the Federal Reserve System During the first twelve months of our coun try's participation in the war the reserve system became established upon a basis of confidence and respect, even in fact of admiration, among both bankers and business men; and its future therefore seems assured so long as good manage ment deserves the support now enjoyed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Edwin Walter Kemmerer Publisher: Forgotten Books ISBN: 9781528261890 Category : Business & Economics Languages : en Pages : 226
Book Description
Excerpt from The ABC of the Federal Reserve System: Why the Federal Reserve System Was Called Into Being, the Main Features of Its Organization, and How It Works During the first twelve months of our coun try's participation in the war the reserve system became established upon a basis of confidence and respect, even in fact of admiration, among both bankers and business men; and its future therefore seems assured so long as good manage ment deserves the support now enjoyed. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Edwin Walter Kemmerer Publisher: ISBN: 9781331738428 Category : Business & Economics Languages : en Pages : 228
Book Description
Excerpt from The ABC of the Federal Reserve System: Why the Federal Reserve System Was Called Into Being, the Main Features of Its Organization, and How It Works The federal reserve banks came into being in the month of November, 1914. The passage of the legislation by which they were created had been preceded by five years of discussion, following the financial upheaval of the fall of 1907, such as might have been expected to prepare the way for the considerable changes in banking methods contemplated by the new law. Notwithstanding, however, that American bankers had gained a better understanding of the deplorable defects in the American banking and currency system, the managers of the new federal reserve banks soon found that the welcome accorded to them by the banks of the country was, to say the least, cool. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Paul M. Warburg Publisher: Forgotten Books ISBN: 9781440043505 Category : Business & Economics Languages : en Pages : 38
Book Description
Excerpt from The Federal Reserve System and the Banks The more important this market grows, the stronger will be the position of the Federal Reserve Banks, for the greater or lesser volume of purchases of such accept ances will Offer one of the Federal Reserve Banks' most efiective means of exercising a wholesome influence upon the fluctuation of interest rates. As normal conditions are reestablished in the world, this acceptance market will become an important factor in protecting our ex change position with foreign countries and, incidentally, our gold holdings. It has taken some time to develop this market, but I am confident that, from now on, its growth will be rapid. One of the obstacles that made the start difficult was found in the fact that many accept auces, which are made for the purpose of financing im portations and exportations, have to be drawn and sold in foreign countries. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Henry Parker Willis Publisher: ISBN: 9781440033025 Category : Business & Economics Languages : en Pages : 62
Book Description
Excerpt from The Federal Reserve System After receiving his degrees of Bachelor of Arts in 1894, and Doctor of Philosophy, in 1897, at the University of Chicago, Mr. Willis spent several semesters at the Universities of Leipzig and Vienna. Upon his return to America he served as Professor of Economics and Political Science at Washington and Lee University until 1905, when he was appointed Professor of Finance at George Washington University, and in 1912 he was selected to act as Dean of the College of Political Science in the same institution. During the years 1913 and 1914 he lectured at Columbia University on economic subjects. Mr. Willis had acted as expert to the committee which presented the Federal Reserve Act, and was later chairman of the Technical Organization Committee which planned the organization of the new banks. Upon the creation of the Federal Reserve Board in 1914, Mr. Willis was selected to act as Secretary. In February, 1916, he was also appointed President of the newly authorized Philippine National Bank, organizing both the parent office of the bank and its New York agency. Mr. Willis has also acted as expert for the Monetary Commission of 1897, the United States Immigration Commission, and the Joint Committee on Rural Credits. During his long residence in Washington he has served as Washington correspondent for numerous newspapers and commercial journals, including the New York Journal of Commerce and the Springfield Republican. He has visited Japan, China and the Philippines as a special correspondent for several newspapers and is now editor of the Journal of Commerce of New York. Among Mr. Willis' published works are: "The History of the Latin Monetary Union," "Reciprocity," "Our Philippine Problem," "Principles and Problems of Modern Banking," "American Banking," "Principles of Accounting," "Life of Stephen A. Douglas." About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Edwin Walter Kemmerer
Author: Edwin Walter Kemmerer
Author: Edwin Walter Kemmerer
Author: Edwin Walter Kemmerer
Author: Henry Parker Willis
Author: EDWIN WALTER. KEMMERER
Author: Paul M. Warburg
Author: Henry Parker Willis
Author: Edwin Walter Kemmerer
Author: Edwin Walter Kemmerer
Author: Kemmerer Edwin Walter