Deterioration in the Quality of Foreign Bonds Issued in the United States
1951
by Mintz
Gottfried HaberlerMilton FriedmanBusiness CyclesUncertaintyCapital MovementsBalance of PaymentsGold ReservesInterest RatesGreat DepressionMethodologyCredit ExpansionMarket ProcessHjalmar SchachtProfit and LossReparationsLeague of Nations
Table of Contents · 36 segments
1
Front Matter and Institutional Contextpreface
2
Author Biography and NBER Governancebiography
3
NBER Publication Policy and Resolutiontheoretical
4
Title Page and Acknowledgementspreface
5
Table of Contents and Lists of Tables/Chartsbibliography
6
Introduction: Current Opinions on Foreign Lendingchapter
7
Introduction: Nature of the Studychapter
8
Introduction: Summary of Findingschapter
9
Chapter 1: The Volume of Foreign Lending - Scopechapter
10
Chapter 1: Cycles in Foreign Lendingchapter
11
Chapter 1: The Balance of Payments and Foreign Bond Cycleschapter
12
Chapter 1: Foreign Business Cycles and Bond Cycleschapter
13
Chapter 1: Cycles in Foreign Creditor Countrieschapter
14
Chapter 1: American Business Cycles and Domestic Bond Issueschapter
15
Chapter 1: Common Stock Issues and Foreign Bond Cycleschapter
16
Chapter 2: The Default Index - Historical Contextchapter
17
Chapter 2: The Sound Loan Curvechapter
18
Definition and Methodology of the Default Indextheoretical
19
Description and Trends of the Default Index (1920-1930)theoretical
20
Degree of Default and Post-1937 Status of Foreign Bondstheoretical
21
Comparative Investigations of Investment Qualitytheoretical
22
Geographic Shifts in Foreign Loanstheoretical
23
Quality of Loans by Individual Banking Housestheoretical
24
The Risk Premium and Investor Awarenesstheoretical
25
Interpretation: The Shift from a Buyers' to a Sellers' Markettheoretical
26
Analysis of Change: Debunking Pressure and Timing Argumentstheoretical
27
The Scarcity of Sound Loans vs. Investor Delusiontheoretical
28
The Role of Government and the American Financial Policytheoretical
29
Role of the Banking Houses: Decision Making and Risk Estimationtheoretical
30
Projection of Favorable Trends and Warnings Ignoredtheoretical
31
The Importance of Risk and Banker Responsibilitytheoretical
32
The Demand of the Public: Who is 'The Public'?chapter
33
Why Does the Public Buy Foreign Bonds?chapter
34
How the Change in the Public's Attitude Affected the Bankerschapter
35
Appendix Tables: Statistical Data on Foreign and Domestic Issuesbibliography