Yet further amplification of the credit cycle has come from the rise and then
subsequent fall in prices of land and housing and financial assets. During the
boom high-risk borrowers obtained credit against the expectation that prices
Author: Alistair Milne
Publisher: Cambridge University Press
In this work, Milne examines what went wrong in modern banking and offers solutions to repair the damage.
The US supplied $1.25 billion in long-term credits of a total of $2.6 billion, about
$300 million each being supplied by bankers in Britain and the Netherlands. US
banks supplied about $1.4 billion in short-term credit during the later part of this ...
Author: George W. Liebmann
Publisher: Bloomsbury Publishing
The dramatic story of the last fifty years of the Speyer banking dynasty, a Jewish family of German descent, is surprisingly little known today, yet at the turn of the 20th century, Speyer was the third largest investment banking firm in the United States, behind only Morgan and Kuhn, Loeb. It had branches in London, Frankfurt and New York, and the projects it financed included the Southern Pacific Railroad, the London Underground and the infrastructure of the new Cuban republic. Later, it was the first major banking firm to finance Germany's Weimar Republic, as well as providing League of Nations loans to Hungary, Greece and Bulgaria. Yet, the firm was doomed by the nationalist passions aroused by World War I. Its English partner was denaturalised and exiled; its American partner enjoyed reduced standing because of his connection to Germany; and the Frankfurt branch closed with the coming of the Third Reich, its German partner fleeing into exile. The firm was dissolved in 1939, a surprisingly anticlimactic end to one of the great international banking companies of modern times. George W. Liebmann here tells the story of the firm and the family - shedding new light on the protagonists of a remarkable dynasty, who came undone in the dramatic years of the early 20th century.
In this book, Jaime Vaughn untangles the complex world of modern banking and examines solutions to the crisis.
Author: Jaime Vaughn
Publisher: Createspace Independent Publishing Platform
In this book, Jaime Vaughn untangles the complex world of modern banking and examines solutions to the crisis. He shows how the banks misused their ability to securitize loans and, by borrowing short and lending long, exposed themselves to exceptional risks when asset prices started to fall. But it has been above all a collapse in trust and confidence, rather than poor lending decisions, which has fuelled the crisis. Despite all the talk of 'toxic' assets, the book argues that most assets are sound and can be repaid. The imperative is to restore confidence through collective action involving asset purchases, guarantees and recapitalization.
Author: Howard Maxford
Howard Maxford has assembled a treasure trove of detailed and previously unpublished information on horror film-makers from Britain, America, Spain, Germany, Japan, South America, South-East Asia - every part of the world where the genre has flourished.
Moreover , the rise in complementary demand has not offset the fall in demand
for substitute services . ... same time may use instalment credit in the car
purchase because of the heavy cash drain needed for the downpayment on the
Author: Board of Governors of the Federal Reserve System (U.S.)
"A broad study of the role of consumer instalment credit" conducted in 1956-57.
A revisionist history of the radical transformation of the American South during the Civil War examines the economic, social and political deconstruction and rebuilding of Southern institutions as experienced by everyday people.
Author: Bruce Levine
Publisher: Random House Trade Paperbacks
A revisionist history of the radical transformation of the American South during the Civil War examines the economic, social and political deconstruction and rebuilding of Southern institutions as experienced by everyday people. By the award-winning author of Confederate Emancipation.