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Banking

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Articles 1 - 18 of 18

Full-Text Articles in Economic History

Banking Efficiency Within The World’S Largest Banks: Application Of Data Envelopment Analysis To The Global Financial Crisis Of 2008, Devin Coffey Jun 2018

Banking Efficiency Within The World’S Largest Banks: Application Of Data Envelopment Analysis To The Global Financial Crisis Of 2008, Devin Coffey

Honors Theses

The world’s financial system is one of the globe’s most powerful structures, however the institutions that make up this network of banking firms are certainly not immune to the pressures of market globalization and technical innovation that drive change within the financial landscape. In order to exist within such an environment, the world’s largest commercial banks must constantly reevaluate the ways in which they function in order keep pace in the competitive market. The objective of this paper is to examine the efficiency of ten of the world’s largest commercial banks during the period spanning from ...


Selecting An Alternative National Banking System Against Fractional Reserve Free Banking: The Greatest Modern Fraud?, Josiah J. Bardy Apr 2017

Selecting An Alternative National Banking System Against Fractional Reserve Free Banking: The Greatest Modern Fraud?, Josiah J. Bardy

Senior Honors Theses

This paper serves as a compilation and analysis of different banking systems with an emphasis on fractional reserve free banking. Contemporary academic literature has debated fractional reserve banking with revisited scrutiny since the 2007–2009 financial crisis. The Austrian School, drawing conclusions from the Austrian business cycle theory, blames central banking for boom-bust economics. One proposed solution, fractional reserve free banking, eliminates the central bank’s control for a purer form of fractional reserve practice; however, this system may be inherently fraudulent and unethical. After completing an economic analysis of the western world’s banking system, this paper then explores ...


From Hard Money To Branch Banking California Banking In The Gold Rush Economy, Larry Schweikart, Lynne Pierson Doti Apr 2016

From Hard Money To Branch Banking California Banking In The Gold Rush Economy, Larry Schweikart, Lynne Pierson Doti

Economics Faculty Articles and Research

In Gold Rush–era California, banking and the financial sector evolved in often distinctive ways because of the Gold Rush economy. More importantly, the abundance of gold on the West Coast provided an interesting test case for some of the critical economic arguments of the day, especially for those deriving from the descending—but still powerful—positions of the “hard money” Jacksonians.


The Birth Of The U.S. Federal Reserve, Richard A. Naclerio Jan 2015

The Birth Of The U.S. Federal Reserve, Richard A. Naclerio

History Faculty Publications

On November 16, 2014 the United States Federal Reserve celebrated the centennial of its organization. Its one hundred year legacy has left no doubt of its vast monetary control, its far-reaching geopolitical power, and its enigmatic secrecy. These defining features of the Fed remain a mirror of the men who created it. Wall Street barons and ambitious politicians vied for control over shaping the U.S. Federal Reserve to the specifications that suited the needs of both their country and themselves.

This paper covers men like Senator Nelson Aldrich, J.P. Morgan, Jacob Schiff, and Paul M. Warburg, who were ...


Paul M. Warburg: Founder Of The United States Federal Reserve, Richard A. Naclerio May 2013

Paul M. Warburg: Founder Of The United States Federal Reserve, Richard A. Naclerio

History Faculty Publications

The name Paul Moritz Warburg is synonymous with the founding of the Federal Reserve System. Over the years preceding the formation of the Federal Reserve, Warburg wrote many essays and gave many public addresses on banking reform. His reform ideas were modeled on the central banking systems of many European counties he dealt with through the family business M.M. Warburg.


Fair Value Accounting: How Bad Decisions Bring Blame To Beneficial Accounting Procedures, Thomas John Ciulla Apr 2012

Fair Value Accounting: How Bad Decisions Bring Blame To Beneficial Accounting Procedures, Thomas John Ciulla

Senior Honors Theses

The Great Recession has sparked a debate amongst accounting professionals and economic analysts. There has been a concerted effort to blame fair value accounting and FAS 157 as the recession’s root cause and an attempt to challenge FASB to return to the historic cost principle. This paper examines the guidelines and procedures for mark to market as established by FASB, observes the events leading up to the recession, conditions that materialized at the start of the recession, evaluates the role fair value played in the financial crisis, and considers how fair value should be used in the future.


Analysis Of The Impact Of Cash Out-Flow From The Banking Sector On The Sudanese Economy, Issam A.W. Mohamed Professor Feb 2011

Analysis Of The Impact Of Cash Out-Flow From The Banking Sector On The Sudanese Economy, Issam A.W. Mohamed Professor

Professor Issam A.W. Mohamed

Sudan as an example of LDCs the banking sector has been suffering from the problem of cash outflow over the last three decades, generating the following impacts: Loss of banking sector of its role of financial inter-mediation, cash scarcity in the banking sector, large government borrowings from unreal source of finance, thus, more inflation. The research attempts to specify the main determinants of cash outflow from the banking sector in Sudan (during the period 1972-2001). Hence, those revealing the major impacts of the cash outflow on the economic activity and rates of inflation. The research hypotheses were: (1) the Banks ...


History Of Usury: The Transition Of Usury Through Ancient Greece, The Rise Of Christianity And Islam, And The Expansion Of Long-Distance Trade And Capitalism, Cheryl A. Olechnowicz Jan 2011

History Of Usury: The Transition Of Usury Through Ancient Greece, The Rise Of Christianity And Islam, And The Expansion Of Long-Distance Trade And Capitalism, Cheryl A. Olechnowicz

Gettysburg Economic Review

Society and its ideas, markets, and institutions are in the constant process of change. These transforming factors contribute to the evolution of economics. Usury is one prominent economic issue that demonstrates this evolution. As it has developed, usury, the lending of money at interest or excessive interest, has been debated for almost two millennia.

During the lifetime of Aristotle, 384-322 B.C., the lending of money for profit was believed to be unnatural and dishonorable. Aristotle and his beliefs of usury provided a foundation of ideas for future perspectives on the practice. This negative connotation associated with usury continued in ...


Ua36i/29 Gary Ransdell - Federal Reserve Board - Ben Bernanke Town Hall Meeting, St. Louis Federal Reserve Board Oct 2010

Ua36i/29 Gary Ransdell - Federal Reserve Board - Ben Bernanke Town Hall Meeting, St. Louis Federal Reserve Board

Faculty/Staff Personal Papers

Email sent to members of the St. Louis Federal Reserve Board of Ben Bernanke's town hall meeting with educators.


Impacts Of Islamic And Commercial Banks' Reserves Restrictions On Macroeconomic Parameters Of Sudan (2007-2009), Professor Issam A.W. Mohamed Jul 2010

Impacts Of Islamic And Commercial Banks' Reserves Restrictions On Macroeconomic Parameters Of Sudan (2007-2009), Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The paper analyzes the impacts of Islamic and conventional Banks reserves' restrictions in Sudan. Comprehensively, those restrictions are necessary for health banks, performance and the viability of the macroeconomic performance in any country. The selected period of the analysis (2007-2009) is vital to study impacts of the Global Financial Crisis on the Sudanese economy. The paper introduces available data on banks institutions, macroeconomic policies and the central Bank of Sudan considering its part on controlling money supply and demand besides drawing policies for banks behaviors. It is conceivable from my conclusions here that there are conflicts between conventional and Islamic ...


Money, Credit, And Banking In Colonial And Postcolonial West Africa, Akanmu G. Adebayo Jan 2002

Money, Credit, And Banking In Colonial And Postcolonial West Africa, Akanmu G. Adebayo

Faculty Publications

Scholarship in African economic history has been dominated by a wave of revisionism lately. The degree of African indebtedness, the imperatives of loan repayment, and the long-term implications of ongoing political and economic changes, all make such a revision exigent indeed. Focusing on the Yoruba of southwestern Nigeria, this paper produces new evidence to reinterpret and redefine African precolonial financial institutions. The paper has two main parts. Part 1 focuses on the introduction of cowrie currency into Yorubaland and its impact on social stratification. Part 2 examines ajo, the savings institution, esusu, the rotating savings and credit associations (roscas), and ...


Effect Of Regulation On Banking: California 1879-1929, Lynne Doti, Richard Runyon Jan 1996

Effect Of Regulation On Banking: California 1879-1929, Lynne Doti, Richard Runyon

Economics Faculty Articles and Research

California had a virtually unregulated banking environment until the first comprehensive banking regulations were passed in 1905. These regulations, and subsequent changes in 1909, required reserves and paid-up capital. Several tests of commonly accepted measures of safety, such as bank reserves, paid-up capital, bank failures, and real estate loans that resulted in foreclosure, are compared for selected years before and after the regulations. Results do not clearly demonstrate that regulation enhanced the safety of individual banks, but do support the conclusion that regulation enhanced the safety of the banking system as a whole.


The Jacksonians, Banking, And Economic Theory: A Reinterpretation, Jeffrey Rogers Hummel Jul 1978

The Jacksonians, Banking, And Economic Theory: A Reinterpretation, Jeffrey Rogers Hummel

Faculty Publications

No abstract provided.


Banking In California: Some Evidence On Structure, 1878-1905, Lynne Doti Jan 1978

Banking In California: Some Evidence On Structure, 1878-1905, Lynne Doti

Economics Faculty Articles and Research

Doti’s thesis explains the contribution of state banks to nineteenth century financial history in the United States.


The Jacksonians, Banking, And Economic Theory: A Reinterpretation, Jeffrey Rogers Hummel Dec 1977

The Jacksonians, Banking, And Economic Theory: A Reinterpretation, Jeffrey Rogers Hummel

Jeffrey Rogers Hummel

No abstract provided.


The Structure And Functions Of The Federal Reserve System Of The United States Today, William Law Goode Apr 1938

The Structure And Functions Of The Federal Reserve System Of The United States Today, William Law Goode

College Books

An overview of the history of the Federal Reserve system from its creation in 1913 to the late 1930s, and a description of its structure as of the late 1930s.


John Hutchinson Letter To Joseph Fulford; December 2, 1863, North Carolina, John Hutchinson Dec 1863

John Hutchinson Letter To Joseph Fulford; December 2, 1863, North Carolina, John Hutchinson

Broadus R. Littlejohn, Jr. Manuscript and Ephemera Collection

Hutchinson encloses a check to Fulford and instructs "please fill up for amt of my note due the Merchants' Bank of Newbern_ Please cancel the Note + send it to me."


Letter From Charles Carroll Of Carrollton Concerning Outstanding Debt Owed Him. 1829., Charles Carroll Iii, Of Carrollton Apr 1829

Letter From Charles Carroll Of Carrollton Concerning Outstanding Debt Owed Him. 1829., Charles Carroll Iii, Of Carrollton

Broadus R. Littlejohn, Jr. Manuscript and Ephemera Collection

Charles Carroll of Carrollton was a wealthy Maryland planter and the last signer of the Declaration of Independence to die. This letter, concerning an outstanding debt owed to him, was written 3 years before his death at age 95.