By John Grady
ISBN-10: 0312100418
ISBN-13: 9780312100414
ISBN-10: 1349075353
ISBN-13: 9781349075355
ISBN-10: 134907537X
ISBN-13: 9781349075379
Read or Download British Banking, 1960–85 PDF
Best nonfiction_13 books
Dawn of Small Worlds: Dwarf Planets, Asteroids, Comets - download pdf or read online
This publication offers a close creation to the tens of millions of smaller our bodies within the sunlight process. Written for laymen, beginner astronomers and scholars it describes the character and foundation of asteroids, dwarf planets and comets, and provides exact information regarding their function within the sunlight procedure.
Read e-book online Quantization on Nilpotent Lie Groups PDF
This e-book offers a constant improvement of the Kohn-Nirenberg kind international quantization idea within the surroundings of graded nilpotent Lie teams by way of their representations. It encompasses a designated exposition of similar history themes on homogeneous Lie teams, nilpotent Lie teams, and the research of Rockland operators on graded Lie teams including their linked Sobolev areas.
The Geopolitics of Europe’s Identity: Centers, Boundaries, by N. Parker PDF
This e-book pursues an unique standpoint on Europe's transferring volume and geopolitical status: how nations and areas marginal to it impression on Europe as a middle. A theoretical dialogue of borders and margins is constructed, and set opposed to 9 reviews of nations, areas, and identities obvious as marginal to Europe.
New PDF release: The Soldiers' national cemetery at Gettysburg
. .. with the court cases at its consecration, on the laying of the corner-stone of the monument, and at its commitment
- Stem Cells in Neuroendocrinology
- Scaling Social Impact: New Thinking
- Atomic Diffusion in Glasses Studied with Coherent X-Rays
- Coal processing and utilization
- Zeroing dynamics, gradient dynamics, and Newton iterations
Extra resources for British Banking, 1960–85
Example text
If loans are made at a fixed rate of interest for a long period on the basis of short-term deposits, a bank is susceptible to loss if interest rates rise. If it lends at a variable rate of interest it is protected against losses arising from interest rate movement. But variable rates of interest do not make long-term loans liquid. There is a difference between a mortgage and a bill of exchange even if the mortgage is, like most mortgages nowadays, at a variable rate of interest. Maturity transforming on variable rate loans does nothing to reduce the risk of illiquidity.
After the crisis a general air of prudence returned to the banking scene; the fraction of loans to property companies and other financial institutions diminished, not because these loans were wound down but more because prices generally rose in the economy. The other non-clearing banks remained much less liquid than the accepting houses, however, and some only returned to a position of solvency because a mixture of low interest rates and fairly rapid inflation over the period 1974-8 allowed them to make capital gains which repaid their losses.
Nevertheless, when swift response was needed, the Bank of England acted quickly and its efforts to prevent a major financial crisis in 1973 onwards and to reorganise itself to deal with the problems arising from the failure of some financial intermediaries were notably successful. For some nonclearing banks, in particular the accepting houses, the Bank of England maintained a watch on the composition of balance sheets through meetings between the Discount Office and the individual banks. This was presumably done with a view to ensuring that prudential limits were observed by those banks in the ratio of liabilities to assets and the composition of those liabilities and assets.
British Banking, 1960–85 by John Grady
by Steven
4.0