Mexico

Bibliographic data

Monograph

Identifikator:: 1780202415

URN:: urn:nbn:de:zbw-retromon-166228

Document type:: Monograph

Author:: Sapper, Karl http://d-nb.info/gnd/116805382

Title:: Mexico

Edition:: 2., vollst. neubearb. Aufl. der "Wirtschaftsgeographie von Mexico"

Place of publication:: Wien

Publisher:: Seidel

Year of publication:: 1928

Scope:: 164 Seiten, [8] Blätter; Ill., Kt.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: II. Wirtschaftsgeschichtliche Skizze

Collection:: Economics Books

SERIES CORRELATED WITH EXPENSES 249 on borrowed money and this series are of the inverse or negative type. Similar inverse relations are present when the positions of the correlated series are reversed—that is, when salaries and wages are made the dependent and ratios of interest and discounts on borrowed money the independent variable. The explanation of the relation in the first case holds for that in the second. Moreover, in the discussion of the nature and degree of corre- lation obtaining between interest on deposits and interest and discounts on borrowed money—the first being the independent and the second being the dependent variable—it was found that the relations are negative or inverse. When the positions of the series are reversed as to the type of variable, the same relations hold. The explanation found for the type of association in the first case also applies in the second case. It will be recalled that the causal order extends through investments and time deposits. Accordingly, it is instructive to observe the type of correlation found between ratios in each of these series—district differences being paired—and ratios of interest and discounts on borrowed money. It is apparent from Table 147 that the correlation is negative for both series. It is difficult briefly to summarize the findings of this chapter, and only those relating to series correlated with the total expense seem to require restatement. For the collective member banks by districts, it tends to be true, as shown in Table 148, that whenever and wherever® ratios of total expense to earning assets are relatively high or are increas- ing from year to year, both time deposits and gross earnings, as percentages of earning assets, are high or are increasing. Con- versely, if the former are low or tend to decrease, the latter are also low and tend to decrease. On the other hand, if ratios of total expense, expressed in this form, are high, ratios of invest- ments to earning assets tend to be low, and vice versa. Moreover, if ratios of total expense to earning assets are high, they also tend to be high in relation to gross earnings. In a word, high or low ratios of total expense are associated with high or low ratios of lime deposits and of gross earnings, and with low or high ratios of investments. 8 “Whenever” refers to ratios in any one of the years 1919 to 1925, or to the percentage changes in the respective ratios from year to year. “Wherever” refers to the respective Federal Reserve districts.

Access restriction

Copyright

fullscreen: Mexico

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation