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| Author | : Michael E. Staten |
| Publisher | : |
| Total Pages | : 76 |
| Release | : 1995 |
| Genre | : Consumer credit |
| ISBN | : |
| Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs |
| Publisher | : |
| Total Pages | : 514 |
| Release | : 1983 |
| Genre | : Interest |
| ISBN | : |
| Author | : John Martin Chapman |
| Publisher | : |
| Total Pages | : 102 |
| Release | : 1959 |
| Genre | : Commercial finance companies |
| ISBN | : |
| Author | : Michael Kawaja |
| Publisher | : |
| Total Pages | : 116 |
| Release | : 1971 |
| Genre | : Business & Economics |
| ISBN | : |
Presents a case study of rate ceilings and loan limits in New York State to study how the rate and loan size regulations in the consumer finance industry evolved, and the effects on the character and volume of the lending services.
| Author | : Robert Kuttner |
| Publisher | : Vintage |
| Total Pages | : 354 |
| Release | : 2008-11-11 |
| Genre | : Business & Economics |
| ISBN | : 0307472744 |
A passionate, articulate argument detailing how the United States political system has failed to adapt to the economic challenges of the late 20th and early 21st centuries. The American economy is in peril. It has fallen hostage to a casino of financial speculation, creating instability as well as inequality. Tens of millions of workers are vulnerable to layoffs and outsourcing, health care and retirement burdens are increasingly being shifted from employers to individuals. Here Kuttner debunks alarmist claims about supposed economic hazards and exposes the genuine dangers: hedge funds and private equity run amok, sub-prime lenders, Wall Street middlemen, and America's dependence on foreign central banks. He then outlines a persuasive, bold alternative, a new model of managed capitalism that can deliver security and opportunity, and rekindle democracy as we know it.
| Author | : Mr.Anton Korinek |
| Publisher | : International Monetary Fund |
| Total Pages | : 42 |
| Release | : 2013-12-17 |
| Genre | : Business & Economics |
| ISBN | : 148430795X |
Financial regulation is often framed as a question of economic efficiency. This paper, by contrast, puts the distributive implications of financial regulation center stage. We develop a model in which the financial sector benefits from risk-taking by earning greater expected returns. However, risktaking also increases the incidence of large losses that lead to credit crunches and impose negative externalities on the real economy. We describe a Pareto frontier along which different levels of risktaking map into different levels of welfare for the two parties. A regulator has to trade off efficiency in the financial sector, which is aided by deregulation, against efficiency in the real economy, which is aided by tighter regulation and a more stable supply of credit. We also show that financial innovation, asymmetric compensation schemes, concentration in the banking system, and bailout expectations enable or encourage greater risk-taking and allocate greater surplus to the financial sector at the expense of the rest of the economy.
| Author | : Board of Governors of the Federal Reserve System |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2002 |
| Genre | : Banks and Banking |
| ISBN | : 9780894991967 |
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
| Author | : Mr.Jaromir Benes |
| Publisher | : International Monetary Fund |
| Total Pages | : 71 |
| Release | : 2012-08-01 |
| Genre | : Business & Economics |
| ISBN | : 1475505523 |
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
| Author | : United States |
| Publisher | : |
| Total Pages | : 136 |
| Release | : 1994 |
| Genre | : Community development |
| ISBN | : |
| Author | : S. Finlay |
| Publisher | : Springer |
| Total Pages | : 262 |
| Release | : 2005-10-06 |
| Genre | : Business & Economics |
| ISBN | : 0230502342 |
Despite the huge expansion in consumer credit in the last 25 years there are very few texts describing the operation of consumer credit markets. Consumer Credit Fundamentals is the first book to provide a broad cross-disciplinary introduction to the subject. It covers the history of credit, the types of consumer credit available, how credit is granted and managed, the legal framework within which commercial lenders must operate, as well as consumer and ethical issues. A complete, well-rounded and practical introduction to consumer credit.
