Die Staatsausgaben von Großbritannien, Frankreich, Belgien und Italien in der Vor- und Nachkriegszeit

Banking standards under the federal reserve system

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Monograph

Identifikator:: 1742735827

URN:: urn:nbn:de:zbw-retromon-120327

Document type:: Monograph

Title:: Die Staatsausgaben von Großbritannien, Frankreich, Belgien und Italien in der Vor- und Nachkriegszeit

Place of publication:: Berlin

Publisher:: Reimar Hobbing

Year of publication:: 1927

Scope:: 574 Seiten

Digitisation:: 2020

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Dritter Teil. Die Staatsausgaben in der Gliederung nach Ausgabezwecken

Collection:: Economics Books

APPENDIX I TABLE V RELATIVE INFLUENCE OF Gross EARNINGS ON NET EARNINGS I % AND OF ToTAL EXPENSE Group* Gross Earnings more influential, per cent *See Table I of Appendix 1 BEST VALUE OF GENERAL RELATIVE INFLUENCE OF GROSS EARNINGS AND OF TOTAL EXPENSE RATIO CHANGES ON NET EARNINGS RATIO CHANGES FOR ALL 408 BANKS An approximate, general measure of the relative influence of gross earnings ratios and of total expense ratios on net earnings ratios, for any of the 408 banks picked at random, regardless of (group) location, has already been given as 1.54 is to 1.00. This result is based upon equations (6) and (7), each being de- rived from the 408 banks treated together in one group. This, however, it will be recalled, was a first approximation. It was later shown that while the law of variation of net earnings with total expense varies for the different groups, that of net earnings ratios with gross earnings ratios is substantially the same for all groups, individually and combined. In order, therefore, to ob- tain for any bank in this district, picked at random, a general measure of the relative influences of annual changes in gross earnings and of total expense upon net earnings, it is necessary, first, to obtain the best general expression like (6) for all groups combined, and then to use this in connection with (7). To obtain this best expression for the 408 banks combined, the separate values of K, and E/, shown in Table IV, were weighted inversely as the squares of their probable errors, and the weighted mean values determined. The computation of the best obtainable (general) value of E,’, according to this process, is given in Table VI. The values of E,” and their probable errors in Table VI are the same as those shown in Table IV. Each value of E,” is weighted inversely as the square of its own probable error. The

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