The Challenge of Credit Supply [Hardback]

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Author :
Publisher : Vernon Press
ISBN 13 : 1622730569
Total Pages : 275 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis The Challenge of Credit Supply [Hardback] by : Michael Anthony Kirsch

Download or read book The Challenge of Credit Supply [Hardback] written by Michael Anthony Kirsch and published by Vernon Press. This book was released on 2016-03-30 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is for anyone seeking a succinct and accessible treatment of the most pivotal financial and monetary policies throughout American history from 1650-1950. But it is especially written for those who desire an intricate and detailed knowledge of how and why these policies worked with respect to the supply of adequate credit for economic development. A thorough examination of key credit institutions and their specific powers, functions, mechanisms, context, and economic impact brings the reader to a recognition of which policies and institutions were successful and unsuccessful in supporting the economy and preventing crisis. Its extensive use of primary sources, period literature, and carefully chosen quotations allows the reader to participate in the original discussion and issues that faced Americans in each era. This vivid account leads to a unique grasp of relationships between essential facts, ideas, and time periods. The reader is rewarded with the rare experience of seeing the evolution of three hundred years of policy development as an integrated process. The book’s content will be new and provoking to the academic, policy maker, and economist, but is presented in a manner and style ensuring comprehension for a general audience and those new to the topics involved. Many of the lessons learned in the course of the investigation are relevant and applicable to modern economic and financial policies.

The Challenge of Credit Supply

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Author :
Publisher : Vernon Press
ISBN 13 : 1622739981
Total Pages : 276 pages
Book Rating : 4.6/5 (227 download)

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Book Synopsis The Challenge of Credit Supply by : Michael Anthony Kirsch

Download or read book The Challenge of Credit Supply written by Michael Anthony Kirsch and published by Vernon Press. This book was released on 2020-10-06 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is for anyone seeking a succinct and accessible treatment of the most pivotal financial and monetary policies throughout American history from 1650-1950. But it is especially written for those who desire an intricate and detailed knowledge of how and why these policies worked with respect to the supply of adequate credit for economic development. A thorough examination of key credit institutions and their specific powers, functions, mechanisms, context, and economic impact brings the reader to a recognition of which policies and institutions were successful and unsuccessful in supporting the economy and preventing crisis. Its extensive use of primary sources, period literature, and carefully chosen quotations allows the reader to participate in the original discussion and issues that faced Americans in each era. This vivid account leads to a unique grasp of relationships between essential facts, ideas, and time periods. The reader is rewarded with the rare experience of seeing the evolution of three hundred years of policy development as an integrated process. The book’s content will be new and provoking to the academic, policy maker, and economist, but is presented in a manner and style ensuring comprehension for a general audience and those new to the topics involved. Many of the lessons learned in the course of the investigation are relevant and applicable to modern economic and financial policies.

Aggregate Uncertainty and the Supply of Credit

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475513933
Total Pages : 26 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Aggregate Uncertainty and the Supply of Credit by : Mr.Fabian Valencia

Download or read book Aggregate Uncertainty and the Supply of Credit written by Mr.Fabian Valencia and published by International Monetary Fund. This book was released on 2013-12-02 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies show that uncertainty shocks have quantitatively important effects on the real economy. This paper examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk-neutral shareholders and subject to limited liability, can exhibit self-insurance, and thus loan supply contracts when uncertainty increases. This prediction is tested with the universe of U.S. commercial banks over the period 1984-2010. Identification of credit supply is achieved by looking at the differential response of banks according to their level of capitalization. Consistent with the theoretical predictions, increases in uncertainty reduce the supply of credit, more so for banks with lower levels of capitalization. These results are weaker for large banks, and are robust to controlling for the lending and capital channels of monetary policy, to different measures of uncertainty, and to breaking the dataset in subsamples. Quantitatively, uncertainty shocks are almost as important as monetary policy ones with regards to the effects on the supply of credit.

Credit Supply and Productivity Growth

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498315917
Total Pages : 75 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Credit Supply and Productivity Growth by : Francesco Manaresi

Download or read book Credit Supply and Productivity Growth written by Francesco Manaresi and published by International Monetary Fund. This book was released on 2019-05-17 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations, together with a natural experiment, to measure idiosyncratic supply-side shocks to credit availability and to estimate a production model augmented with financial frictions. We find that a contraction in credit supply causes a reduction of firm TFP growth and also harms IT-adoption, innovation, exporting, and adoption of superior management practices, while a credit expansion has limited impact. Quantitatively, the credit contraction between 2007 and 2009 accounts for about a quarter of observed the decline in TFP.

How Can Farmer Cooperative Service Meet the Challenge of Change?

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Author :
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis How Can Farmer Cooperative Service Meet the Challenge of Change? by : United States. Farmer Cooperative Service

Download or read book How Can Farmer Cooperative Service Meet the Challenge of Change? written by United States. Farmer Cooperative Service and published by . This book was released on 1958 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498314414
Total Pages : 39 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks by : Ms.Yu Shi

Download or read book Internal Capital Markets in Business Groups and the Propagation of Credit Supply Shocks written by Ms.Yu Shi and published by International Monetary Fund. This book was released on 2019-05-21 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders’ credit supply shocks to their subsidiaries. An average of 16.7% local bank credit growth where corporate shareholders are located would increase subsidiaries investment by 1% of their tangible fixed asset value, which accounts for 71% (7%) of the median (average) investment rate among these firms. We argue that equity exchanges is one channel through which corporate shareholders transmit bank credit supply shocks to the subsidiaries and provide empirical evidence to support the channel.

The Challenge of Economic Rebalancing in Europe

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1784719803
Total Pages : 263 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis The Challenge of Economic Rebalancing in Europe by : Ewald Nowotny

Download or read book The Challenge of Economic Rebalancing in Europe written by Ewald Nowotny and published by Edward Elgar Publishing. This book was released on 2015-09-25 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the long aftermath of the acute global financial crisis of 2008/09, “rebalancing” the economy with new sources of growth and productivity remains a persistent necessity. This book addresses the resulting trade-offs and challenges. These needs, and the corresponding policy challenges, are especially prevalent in Europe, in particular Central, Eastern and South-Eastern Europe. On this issue, this book contributes lessons learned from earlier balance sheet recessions. It also addresses the often overlooked link between macroeconomic imbalances and economic inequality. Further contributions focus on the interaction between monetary policy and financial stability, adding a regional perspective to these important issues.

Where Does Money Come From?

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Author :
Publisher :
ISBN 13 : 9781908506542
Total Pages : 186 pages
Book Rating : 4.5/5 (65 download)

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Book Synopsis Where Does Money Come From? by : Josh Ryan-Collins

Download or read book Where Does Money Come From? written by Josh Ryan-Collins and published by . This book was released on 2014-01-31 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on detailed research and consultation with experts, including the Bank of England, this book reviews theoretical and historical debates on the nature of money and banking and explains the role of the central bank, the Government and the European Union. Following a sell out first edition and reprint, this second edition includes new sections on Libor and quantitative easing in the UK and the sovereign debt crisis in Europe.

Can Cooperatives Meet the Challenge?

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Author :
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Can Cooperatives Meet the Challenge? by : Joseph Grant Knapp

Download or read book Can Cooperatives Meet the Challenge? written by Joseph Grant Knapp and published by . This book was released on 1966 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Age of Oversupply

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Author :
Publisher : Penguin
ISBN 13 : 159184701X
Total Pages : 302 pages
Book Rating : 4.5/5 (918 download)

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Book Synopsis The Age of Oversupply by : Daniel Alpert

Download or read book The Age of Oversupply written by Daniel Alpert and published by Penguin. This book was released on 2014-08-26 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments and central banks across the developed world have tried every policy tool imaginable, yet our economies remain sluggish or worse. How did we get here, and how can we compete and prosper once more? Daniel Alpert argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital have kept the Western economies mired in underemployment and anemic growth. We failed to anticipate the impact of the torrent of labor and capital unleashed by formerly socialist economies. Many policymakers miss the connection between global oversupply and the lack of domestic investment and growth. But Alpert shows how they are intertwined and offers a bold, fresh approach to fixing our economic woes. Twitter: @DanielAlpert

Banks, Government Bonds, and Default

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498391990
Total Pages : 53 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Banks, Government Bonds, and Default by : Nicola Gennaioli

Download or read book Banks, Government Bonds, and Default written by Nicola Gennaioli and published by International Monetary Fund. This book was released on 2014-07-08 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, banks increase their exposure to public bonds, especially large banks and when expected bond returns are high. At the bank level, bondholdings correlate negatively with subsequent lending during sovereign defaults. This correlation is mostly due to bonds acquired in pre-default years. These findings shed light on alternative theories of the sovereign default-banking crisis nexus.

Dark Matter Credit

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691182175
Total Pages : 320 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Dark Matter Credit by : Philip T. Hoffman

Download or read book Dark Matter Credit written by Philip T. Hoffman and published by Princeton University Press. This book was released on 2019-02-05 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: How a vast network of shadow credit financed European growth long before the advent of banking Prevailing wisdom dictates that, without banks, countries would be mired in poverty. Yet somehow much of Europe managed to grow rich long before the diffusion of banks. Dark Matter Credit draws on centuries of cleverly collected loan data from France to reveal how credit abounded well before banks opened their doors. This incisive book shows how a vast system of shadow credit enabled nearly a third of French families to borrow in 1740, and by 1840 funded as much mortgage debt as the American banking system of the 1950s. Dark Matter Credit traces how this extensive private network outcompeted banks and thrived prior to World War I—not just in France but in Britain, Germany, and the United States—until killed off by government intervention after 1918. Overturning common assumptions about banks and economic growth, the book paints a revealing picture of an until-now hidden market of thousands of peer-to-peer loans made possible by a network of brokers who matched lenders with borrowers and certified the borrowers’ creditworthiness. A major work of scholarship, Dark Matter Credit challenges widespread misperceptions about French economic history, such as the notion that banks proliferated slowly, and the idea that financial innovation was hobbled by French law. By documenting how intermediaries in the shadow credit market devised effective financial instruments, this compelling book provides new insights into how countries can develop and thrive today.

Handbook of Agricultural Economics

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Author :
Publisher : Elsevier
ISBN 13 : 0444518738
Total Pages : 847 pages
Book Rating : 4.4/5 (445 download)

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Book Synopsis Handbook of Agricultural Economics by : Bruce L. Gardner

Download or read book Handbook of Agricultural Economics written by Bruce L. Gardner and published by Elsevier. This book was released on 2001 with total page 847 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 3 of this series of the Handbooks in Economics follows on from the previous two volumes by focusing on the fundamental concepts of agricultural economics. The first part of the volume examines the developments in human resources and technology mastery. The second part follows on by considering the processes and impact of invention and innovation in this field. The effects of market forces are examined in the third part, and the volume concludes by analysing the economics of our changing natural resources, including the past effects of climate change. Overall this volume forms a comprehensive and accessible survey of the field of agricultural economics and is recommended reading for anyone with an interest, either academic or professional, in this area. *Part of the renown Handbooks in Economics series *Contributors are leaders of their areas *International in scope and comprehensive in coverage

Money and Promises

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Author :
Publisher : Columbia University Press
ISBN 13 : 023156158X
Total Pages : 393 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Money and Promises by : Paolo Zannoni

Download or read book Money and Promises written by Paolo Zannoni and published by Columbia University Press. This book was released on 2024-06-11 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Where did modern banking come from—and how does this history help us understand financial crises? In the twelfth century, Pisa was a thriving metropolis, a powerhouse of global trade, and a city that stood at the center of medieval Europe. But Pisa had a problem: Money came in the form of coins, and they were becoming scarce. In the face of this financial and monetary crisis, the foundations of modern banking were laid. In Money and Promises, the distinguished banker, executive, and historian Paolo Zannoni examines the complex relationship between states and banks that has changed the world. Drawing on in-depth archival research, he explores seven case studies: the republic of Pisa, seventeenth-century Venice, the early years of the Bank of England, imperial Spain, the Kingdom of Naples, the nascent United States during the American Revolution, and Bolshevik Russia in 1917 through 1923. Zannoni also tells the story of how the Continental Congress established the first public bank in North America, exploring the roles of Thomas Jefferson, Benjamin Franklin, and Alexander Hamilton. Spanning many countries, political systems, and historical eras, this book shows that at the heart of these institutions is an intricate exchange of debts and promises that shaped the modern world as we know it.

Banks, Firms, and Jobs

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475579012
Total Pages : 57 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Banks, Firms, and Jobs by : Fabio Berton

Download or read book Banks, Firms, and Jobs written by Fabio Berton and published by International Monetary Fund. This book was released on 2017-02-14 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the employment effects of financial shocks using a rich data set of job contracts, matched with the universe of firms and their lending banks in one Italian region. To isolate the effect of the financial shock we construct a firm-specific time-varying measure of credit supply. The contraction in credit supply explains one fourth of the reduction in employment. This result is concentrated in more levered and less productive firms. Also, the relatively less educated and less skilled workers with temporary contracts are the most affected. Our results are consistent with the cleansing role of financial shocks.

News for Farmer Cooperatives

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Author :
Publisher :
ISBN 13 :
Total Pages : 596 pages
Book Rating : 4.M/5 ( download)

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Book Synopsis News for Farmer Cooperatives by :

Download or read book News for Farmer Cooperatives written by and published by . This book was released on 1957-04 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Gerald Ford and the Challenges of the 1970s

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Author :
Publisher : University Press of Kentucky
ISBN 13 : 0813138477
Total Pages : 664 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis Gerald Ford and the Challenges of the 1970s by : Yanek Mieczkowski

Download or read book Gerald Ford and the Challenges of the 1970s written by Yanek Mieczkowski and published by University Press of Kentucky. This book was released on 2005-04-22 with total page 664 pages. Available in PDF, EPUB and Kindle. Book excerpt: A reappraisal of the brief presidency of Gerald Ford, called to leadership in the midst of scandal, stagflation, and an energy crisis. For many Americans, Gerald Ford evokes an image of either an unelected president who abruptly pardoned his corrupt predecessor or an accident-prone klutz spoofed on Saturday Night Live. In this book, Yanek Mieczkowski reexamines Ford’s two and a half years in office, showing that his presidency successfully confronted the most vexing crisis of the postwar era. Viewing the 1970s primarily through the lens of economic events, Mieczkowski argues that Ford’s understanding of the national economy was better than any modern president’s; that he oversaw a dramatic reduction of inflation; and that he attempted to solve the energy crisis with judicious policies. Throughout his presidency, Ford labored under the legacy of Watergate. Democrats scored landslide victories in the 1974 midterm elections, and within an anemic Republican Party, the right wing challenged Ford’s leadership, even as pundits predicted the GOP’s death. Yet Ford reinvigorated the party and fashioned a 1976 campaign strategy against Jimmy Carter that brought him from thirty points behind to a dead heat on election day. Drawing on numerous personal interviews with former President Ford, cabinet officials, and members of the Ninety-fourth Congress, Mieczkowski presents the first major work on Ford in more than a decade, combining the best of biography and presidential history to paint an intriguing portrait of a president, his times, and his legacy. “This ambitious work calls for a reexamination of the Ford presidency in light of the formidable challenges he faced upon taking office. A welcome and important addition to the literature on the Ford presidency.” ―Library Journal