American Commercial Banks in Corporate Finance, 1929-1941 : A Study in Banking Concentrations
by
Go Kang Tia
Book Details
Format
Hardback or Cased Book
Book Series
Financial Sector of the American Economy
ISBN-10
0815333374
ISBN-13
9780815333371
Publisher
Taylor & Francis Inc
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Aug 1st, 1999
Print length
450 Pages
Weight
680 grams
Product Classification:
Finance
Ksh 23,400.00
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Argues that a small group of New York banks, by means of term loans and working in close collaboration with their affiliated life insurance companies, exerted a strong influence over the supply of money and credit, and thus over the entire economy, throughout the years of the Depression. Analyzes t
First published in 1999. The present study does not challenge the argument that a managerial revolution occurred. It does modify the significance of the change by presenting evidence—for the first time—of the extent to which corporate managers themselves were beholden to major players in the financial sector—especially a small group of New York banks which served as the main suppliers of term loans (loans with maturity of 1-10 years) to industrial corporations.
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