Separate Reserve Associations: Non-Political (Classic Reprint)
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 17.55
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book proposes a new financial system for the United States based on separate reserve associations. The author argues that the current system, which is based on a single reserve association, is too centralized and vulnerable to political interference. Separate reserve associations, on the other hand, would be more decentralized and would be managed by bankers and other financial experts. The author believes that this system would be more stable and would be less likely to lead to financial crises. The book also discusses the broader historical and literary context of financial reform in the United States, and it offers a detailed plan for implementing the author's proposed system. The author's insights on the subject of financial reform are significant because they offer a new way of thinking about the issue. The book is essential reading for anyone who is interested in the future of the financial system in the United States. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781330762356_0
- Title
- Separate Reserve Associations: Non-Political (Classic Reprint)
- Author
- J. Howard Cowperthwait
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1330762355
- ISBN 13
- 9781330762356
- Seller catalogs
- Business
Separate Reserve Associations offer a non-political path to financial stability.
This work argues for a system of reserve centers with local branches to prevent panics and support American commerce.
This concise volume reviews why the Aldrich Plan is not the only answer and outlines a practical alternative. It emphasizes the value of clearing houses, open discount markets, and a carefully managed supply of new money and credit that responds to real needs. The author discusses how expert financiers would steer reserves, and why government involvement should be limited to necessary guarantees and rules.- Why separate reserve associations may better fit American business and politics than centralized plans.
- How open discount markets and emergency money could reduce panic and support growth.
- Guidance on pricing, supervision, and the role of skilled financiers in managing reserves.
- Possible amendments to the Bank Act to promote stability without inflating risk.
"Synopsis" may belong to another edition of this title.
Forgotten Books
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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