Separate Reserve Associations NonPolitical, Preventive of Financial Panics Suitable to All American Conditions Classic Reprint
Language: English
Published by Forgotten Books, 2018
- Softcover
- New

Seller: PBShop.store US, Wood Dale, IL, U.S.A.PBShop.store US
AbeBooks seller since April 7, 2005
Condition: New
US$ 27.95
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Add to basketItem description from seller
Seller Inventory # LW-9781330762356
- Title
- Separate Reserve Associations NonPolitical, Preventive of Financial Panics Suitable to All American Conditions Classic Reprint
- Author
- J. Howard Cowperthwait
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Binding
- PAP
- Language
- English
- ISBN 10
- 1330762355
- ISBN 13
- 9781330762356
- Item weight
- 140 grams
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.
PBShop.store US
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AbeBooks seller since April 7, 2005
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