Banking Under the Gold Standard: An Analysis of Liquidity Management in the Leading Financial Centers

1 June 1976

journal article
research article
Published by Cambridge University Press (CUP) in The Journal of Economic History

Vol. 36 (2) , 379-398
https://doi.org/10.1017/s0022050700081730

Abstract

This paper compares the proportion of liquid assets in the portfolios of the major banks in London, Paris, and New York during the heyday of the gold standard. Various hypotheses concerning the determinants of this proportioh are advanced and then tested using data on individual banks over a number of years. The major conclusions concern the effectiveness of the Bank of England in comparison with the systems prevailing in the other centers and the existence of national differences in the aggressiveness displayed by bank managers.

Keywords

This publication has 1 reference indexed in Scilit:

Central Banking Functions of the United States Treasury, 1789-1941
Published by Columbia University Press ,1943