Economics Commons^™

Distress During The Great Depression: The Illiquidity-Insolvency Debate Revisited, Gary Richardson

Gary Richardson

During the contraction from 1929 to 1933, the Federal Reserve System tracked changes in the status of all banks operating in the United States and determined the cause of each bank suspension. This essay analyzes chronological patterns in aggregate series constructed from that data. The analysis demonstrates both illiquidity and insolvency were substantial sources of bank distress. Periods of heightened distress were correlated with periods of increased illiquidity. Contagion via correspondent networks and bank runs propagated the initial banking panics. As the depression deepened and asset values declined, insolvency loomed as the principal threat to depository institutions.

The Apostle Table - Part Iii - Incompetent Endogenous Response Intransitivity, David Randall Jenkins

David Randall Jenkins

The Apostle Table illustrates a New Testament encryption scheme revealed in the Book of Matthew. Specifically, the list of the twelve apostles in Matthew, 10:1-4, points to the Matthew, Chapters 8 and 9, disciple characterizations. The disciples metaphorically characterize the social choice theory aspect of the scripture writers' (ordered relations theory: social choice theory: welfare model) regression. The paper is written in two parts: I. The Exogenous Pressures; and, II. The Endogenous Response. Interestingly, the paper explains why the crucified Jesus could not get off the cross.

Deposit Insurance And Moral Hazard: Capital, Risk, Malfeasance, And Mismanagement. A Comment On ‘Deposit Insurance And Moral Hazard: Evidence From Texas Banking During The 1920s, Gary Richardson

Gary Richardson

A Journal of Economic History article by Linda Hooks and Kenneth Robinson, “Deposit Insurance and Moral Hazard: Evidence from Texas Banking During the 1920s,” contains a contradiction (Hooks and Robinson 2002). Pondering the contradiction in the paper reveals insights that the authors may have overlooked. Hooks and Robinson’s article examines the experience of the banking industry in Texas during the 1920s. Texas operated a deposit-insurance system from January 1, 1910 until February 11, 1927. Deposit insurance was mandatory for all state banks, which were given the choice of two plans in which to participate. The preponderance participated in the depositors …

Check Is In The Mail: Correspondent Clearing And The Banking Panics Of The Great Depression, Gary Richardson

Gary Richardson

Weaknesses within the check-clearing system played a hitherto unrecognized role in the banking crises of the Great Depression. Correspondent check-clearing networks were vulnerable to counter-party cascades. Accounting conventions that overstated reserves available to corresponding institutions may have exacerbated the situation. The initial banking panic began when a correspondent network centered in Nashville collapsed, forcing over 100 institutions to suspend operations. As the contraction continued, additional correspondent systems imploded. The vulnerability of correspondent networks is one reason that banks that cleared via correspondents failed at higher rates than other institutions during the Great Depression.

The Globalization Of Journalism Online: A Transatlantic Study Of News Websites And Their International Readers, Neil J. Thurman

Neil Thurman

Some British news websites are attracting larger audiences than their American competitors in US regional and national markets. At the British news websites studied, Americans made up an average of 36 per cent of the total audience with up to another 39 per cent of readers from countries other than the USA. Visibility on portals like the Drudge Report and on indexes such as Google News brings considerable international traffic but is partly dependent on particular genres of story and fast publication times. Few news websites are willing to disclose breakdowns of their large numbers of international readers fearing a …

¿Cuál Geografía?, Shawn Van Ausdal, Claudia Leal, Alejandro Guarín

Shawn Van Ausdal

A review of the conception of geography in two books written by economists: John Gallup, Alejandro Gaviria and Eduardo Lora, América Latina: ¿condenada por su geografía? (Banco Mundial y Alfaomega Colombiana, 2003); and

Santiago Montenegro, Sociedad abierta, geografía y desarrollo (Norma, 2006).

The Nexus Paper, David Randall Jenkins

David Randall Jenkins

All of scripture is focused on one particular social state definition; why the persistent focus? This paper shows the alignment of the philosophy of the human condition with the ethics endowed physical universe underscores the focus.

Michael Wheeler: Reconstructing The Cognitive World: The Next Step, Leslie Marsh

Leslie Marsh

Michael Wheeler is the latest in a new wave of philosophical theorists that fall within a loose coalition of anti-representationalism (or anti-Cartesianism): Dynamical –, Embodied –, Extended –, Distributed –, and Situated –, theories of cognition (DEEDS an apt acronym). Against this background, cognition for Wheeler is, or should be, a more ecumenical concept. This ecumenical approach would still be amenable to making theoretical distinctions, the central one being the notion of offline and online styles of intelligence, a distinction that makes conceptual space for another closely related notion, that of propositional knowledge (knowing that) and tacit knowledge (knowing how).

Risk Management, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

The Islamic Faith Impact On The Decision Of Jordanian Consumer In Buy Food - Philadelphia University, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Joseph Conrad: Defender Or Condemner Of Imperialism?, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

قياس رضى المرضى عن مستوى تطبيق الوثيقة الاسلامية, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Plagiarism In Linguistic Editing, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Ordering Of Binary Polymeric Nanoparticles On Hydrophobic Surfaces Assembled From Low Volume Fraction Dispersions, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Genetic Population Structure, Gene Flow, And Evolutionary History Of Selected Ornamental Fish In The Red Sea, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

-“The Effect Of Perceived Risk On The Process Of Online Buying Electrical Products By Jordanian Consumers In Amman”, Journal Of Beni Sueif University, 2007, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

The Effect Of Using The Store Name As A Brand On Consumers' Perception Toward Its Quality”, Journal Of Beni Sueif University, 2007, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

The Impact Of The Implementation Fields Of Marketing Ethics On The Image Of Jordan Telecommunications Companies”, Journal Of Tanta University, 2007, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

The Impact Of The Implementation Fields Of Social Marketing On The Image Of Jordan Telecommunications Companies”, Journal Of Beni Sueif University, 2007, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

" The Impact Of Personal And Organizational Factors On The Use Of Decision Support Systems By The Jordanian Corporations In Marketing Decision Making" Journal Of Mansoura University, 2007, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

The Impact Of Using Imc On Costumers' Image For Jordanian Five Star Hotels, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

The Role Of Marketing Knowledge In Facing Marketing Crisis In Jordan Industrial Shareholding Companies, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

اتجاهات الإنفاق الاستثماري في كل من القطاعين العام والخاص وأثرهما في التنمية في, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Variational Formulation Of Hyperbolic Heat Conduction Problems Applying Laplace Transform Technique, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Social State Definition And The Economic Control Systems Product, David Randall Jenkins

David Randall Jenkins

Professor Arrow formulated his social state definition in terms of each individual's consumption versus factors of production. Ancient philosophers understood impossibility-resolved social choice theory derived welfare models involve reflexive economic form hierarchical structures where the individual is implicit. The scripture writers also concluded theory construction and empirical research are not reflexive such that empirical research undertaken in the absence of an essential theoretical nexus is illusionary. Therefore, empirical aggregation surrogates are unable to competently effect Arrovian impossibility end-runs. The scripture writers' reference ethics based aggregation mechanics articulate impossibility-resolved (social welfare function formulation: social state definition) transitivity.

An Empirical Study Of The Sources Affecting E-Business Value Creation In Jordanian Banking Services Sector, Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Social Development In The Tibet Autonomous Region: A Contemporary And Historical Analysis, Reza Hasmath, Jennifer Yj Hsu

Reza Hasmath

The Translation Of Some Metaphorical Expressions In Shakespeare's Hamlet, Philadelphia University

Philadelphia University, Jordan

No abstract provided.