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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XV. Remedies and Preventives of Panics

Collection:: Economics Books

Remedies and Preventives of Panic 253 point out the advantages of the option agreement to them individually. But if this idea should gain favor, we might hope to see agencies develop which would handle this class of paper. They could prob- ably simplify the type of agreement, work out the risks attached, and charge a rate which would absorb these risks and yield a profit. The panic has shown this credit difficulty in our banking system. The option agreement is offered as one available solution of the problem. Should it be found not satisfactory, I hope that other econ- omists and bankers will continue to put forward suggestions until some method is found which will make impossible transfers by losses in such huge totals of the country's invested funds. Resolution of American Bankers’ Association for Inquiry Perhaps all these proposals, as well as other sug- gestions for a permanent control against the recur- rence of panic, might properly await the inquiry planned in the resolution passed by the American Bankers’ Association in San Francisco, October 3, 1929. This inquiry would go into the whole subject of brokers’ loans by the Federal Reserve Board, in cobperation with Stock Exchange authorities and bankers. It would investigate all underlying facts in connection with brokers’ loans, study the possi- bility of effecting greater stabilization of the money rate, and then recommend such changes in procedure as might be found advisable. Such an investigation

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