A Plan For A Compensated Dollar
In the Purchasing Power of Money (1911) I sketched a plan for controlling the price level, i. e., standardizing the purchasing power of monetary units. This plan was presented more briefly, but in more popular language, before the International ...
A Symposium On The Relation Between Money And General Prices
The form of this chapter was suggested by the proceedings of a session of the 1910 Meeting of the American Economic Association, devoted to a consideration of the causes of the rise in prices between 1896 and 1909. Selections fro...
Adequacy And Economy Of Service
From the point of view of adequacy and economy of service, two types of banking systems require attention; namely, that characterized by a large number of relatively small local independent banks, chartered under general laws, and exemplified in thi...
Agricultural Credit In The United States
While agricultural credit has been a subject of intermittent discussion in the United States for almost a generation, the movement has had its main development within recent years. In November, 1911, the American Bankers' Associa...
Banking In South America
The special interest in South American banking which exists at this time is the product of at least four distinct factors: First. It has been evident for some years that the trade between North and South America is rapidly developing. In th...
Banking Operations And Accounts
The intermediate employed in actual transactions is, in increasing degree, that form of currency called credit, the lowest order of currency, rather than money itself. Checks and drafts make up a progressively larger share of the circulating m...
Bond Houses And Investment Companies
A large part of the business of investment banking in the United States is conducted by corporations and firms organized for the purpose of buying and selling investment securities, especially bonds and mortgages. Rarely, if ever, do these concerns ...
Classification Of Banking Institutions
Banks differ from one another chiefly in the nature and degree of their specialization, in legal status, and in the place they occupy in the system to which they belong. Some banks devote the major portion of their effort to the conduct of exchanges...
The following discussion of clearing houses is confined mainly to the United States and England. References to the clearing houses of France and Germany, where the introduction of the use of checks and the consequent develo...
One of the most important functions of commercial banks is the collection for their customers of checks and drafts drawn on other institutions. When these documents are received, the accounts of customers who deposited them are credited with the amo...
By commercial paper is meant the credit instruments or documents which the credit system now in general use throughout the commercial world regularly brings into existence and liquidates. The essence of this system is buying and selling on time. T...
The central banks differ considerably in organization and business methods, but perform essentially the same functions; that is, they act as financial agents for their respective governments; discount high-grade commercial and bankers' bills for oth...
THE NATURE OF AN ECONOMIC CRISIS A definition of an economic "crisis" is, like most other definitions, very difficult to construct. By way of introduction we shall quote a few chosen somewhat at random. Adolph Wagner, the German economist,...
The accounts of a bank with its correspondents are a record of the transactions of its customers with the outside world, the checks they receive as a result of sales to outsiders of merchandise, real estate or other property, or as a result of gifts...
The banker has become the bookkeeper and settling agent of the business world. The products of a locality, let us say the State of Georgia, move out to the markets of the world and create credits in favor of that locality on the books of banking...
Operation Of The System
Services Performed By Banking Institutions
Classification Of Banking Institutions
The Selection Of Loans And Discounts
The Supply Of Cash
The Operation Of Discount
The Interrelations Of These Institutions
The English System
The German System
The Conduct Of Checking Accounts