The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XV. Remedies and Preventives of Panics

Collection:: Economics Books

Remedies and Preventives of Panic 247 of this rule until the governing committee has deter- mined that there is a fair market. Proposed Safety Fund for Emergencies In place of an informal and voluntary committee of bankers acting unofficially, such as sustained the market in the initial stages of the panic of 1929, I am indebted to Mr. H. B. Meek, a Yale graduate student, for the suggestion of a safety fund to be used in such emergencies, accumulated over a series of years from small payments subscribed by Stock Exchange members. In the course of twenty years or so, this safety fund would amount to a consider- able sum, to be employed in a manner similar to bankers’ consortium fund. to stabilize the market. Proposed Definite Collateral Loan Policy Another suggestion for market stabilization is made by M. H. Cahill, President of the Plaza Trust Company of New York, and formerly President of the New York State Bankers’ Association. Mr. Cahill’s proposal, published November 11, 1929, follows * “If the banks of the country, acting as a unit, would adopt a definite loaning policy under which they would not extend a collateral loan in excess of 75 to 80 per cent of the value of the security offered, as determined by appraisal based on the previous quarterly statement of earnings, the appraisal not to exceed twenty times the net earnings, it would, ipso facto, stabilize the market level of securities and

Access restriction

Copyright

fullscreen: The stock market crash - and after

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation