Kritischer Beitrag zur Theorie des internationalen Handels

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Multivolume work

Identifikator:: 1887156356

Document type:: Multivolume work

Author:: Schmoller, Gustav von http://d-nb.info/gnd/118609378

Title:: Grundriß der allgemeinen Volkswirtschaftslehre

Place of publication:: Berlin [u.a.]

Publisher:: Duncker & Humblot

Year of publication:: 1900-

Collection:: Economics Books

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Volume

Identifikator:: 1887256288

URN:: urn:nbn:de:zbw-retromon-242253

Document type:: Volume

Author:: Schmoller, Gustav von http://d-nb.info/gnd/118609378

Title:: Verkehr, Handel und Geldwesen. Wert und Preis. Kapital und Arbeit. Einkommen. Krisen, Klassenkämpfe, Handelspolitik. Historische Gesamtentwickelung

Volume count:: 2.1904

Place of publication:: Berlin [u.a.]

Publisher:: Duncker & Humblot

Year of publication:: 1904

Scope:: X, 719 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Multivolume work

Structure type:: Chapter

Title:: Drittes Buch. Der gesellschaftliche Prozeß des Güterumlaufes und der Einkommensverteilung

Collection:: Economics Books

250 The Stock Market Crash—And After ures showing the progress of total loans obtained for the purpose of carrying securities for distribution, together with the general conditions which prevail in the money market. Most of the preceding suggestions are evidently based on the idea that safety standards should be set up as to loans in relation to stock prices, earnings and all other pertinent facts, just as standards have been set up as to lines of credit extended by banks to corporations as related to quick assets and liabil- ities. This project is a highly technical one which bankers and brokers should grapple with until, as Mr. Lounsdale said, the brokers’ loans should mark a “scientific” figure. Rediscount for Brokers’ Loans [ would add this further proposal, that if the Federal Reserve Banks were authorized to redis- count brokers’ loans, the influence of the Federal Reserve System, Federal Banks and Federal Reserve Board would be more easily exerted upon the mem- ber banks and less easily evaded. As it is now, a member bank, while it cannot rediscount a broker's loan, can rediscount other paper to take its place, and by indirection can really evade the law which now attempts to prevent the rediscount of loans with collateral security. If the rediscount of brokers’ loans were permitted the banker would be far more likely to lay his cards on the table instead of attempt- ing any evasion; he would become more subject to

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