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The stock market credit and capital formation

1940

by Machlup

Fritz MachlupCapital StructureFriedrich A. HayekGottfried HaberlerLudwig von MisesCapital TheoryCredit ExpansionCapital AccumulationMonetary PolicyBusiness CyclesMoney MarketAustrian SchoolLaissez-faireMax WeberMonetary TheoryPerfect CompetitionProfit and LossCarl MengerEugen von Bohm-BawerkGunnar MyrdalGustav CasselSavingFrank KnightHoardingInvestmentJohn Maynard KeynesLiquidityNatural Rate of InterestWage RigidityIncome DistributionStock ExchangeFriedrich von WieserVelocity of CirculationBankingLudwig M. LachmannNational IncomeBalance of PaymentsCapital MovementsExchange RatesGold StandardInternational TradeWilhelm RopkeBusiness Cycle TheoryCapital ConsumptionKnut WicksellRoundabout ProductionForced SavingInterest RatesBanking SchoolEmil LedererInflationStabilizationUnemploymentFixed CapitalCentral BankingFederal ReserveFree BankingAccountingBank of EnglandIrving FisherJoseph SchumpeterDeflation

Table of Contents · 40 segments

1
Title Page and Publication Informationessay
2
Preface to the English Editionessay
3
Comparison Between the Present and the First Editionessay
4
From the Preface to the German Editionessay
5
Contentsessay
6
Chapter I: Competition in the Credit Marketchapter
7
Chapter II: Concepts Used and Problems Discussedchapter
8
Chapter III: The Role of Capital in Security Transactionschapter
9
Capital in Security Transactions: Share Issues, Old Securities, and Money Capitaltheoretical
10
The Absorption of Capital in Stock Exchange Speculationchapter
11
The Loss of Capital in Stock Exchange Speculationchapter
12
Chapter VI Heading: The Demand for Money by the Stock Marketchapter
13
Chapter VI: The Demand for Money by the Stock Marketchapter
14
Chapter VII: The Demand for Loans by the Stock Marketchapter
15
Chapter VIII: The Liquid Funds of Bearish Sellerschapter
16
Chapter IX: Capital Gains, Savings and a Vicious Circlechapter
17
Chapter X: A Digression on International Speculationchapter
18
Chapter XI: The Supply of Capital and Industrial Fluctuationschapter
19
Chapter XII: Credit Creation and the Attempt to Determine Its Proper Limitschapter
20
Credit Creation and Its Proper Limits (continued): compensatory credit, future saving, unemployment, and stock-exchange creditchapter
21
Working Capital and Short-Term Loanschapter
22
The Money Market and the Trade Cyclechapter
23
Industrial Investment and the Quality of Creditchapter
24
The Stock Market, Easier Credit, Dearer Creditchapter
25
Money-Market Funds, Stock-Exchange Credit, and Interest-Rate Equalization (continued)chapter
26
Chapter XVII Conclusions: Catalogue of Principal Theseschapter
27
Chapter XVII Conclusions: Policy Implications and Credit Controlchapter
28
Appendix A: Movements in Ledger Balances of Banks and Brokerstheoretical
29
Appendix B: The Circulation of Brokerage Depositstheoretical
30
Conclusion on Brokerage Deposits as Circulating Mediatheoretical
31
Appendix C: Statistical Narrative for the United Statesessay
32
Appendix D: Statistical Figures for Englandessay
33
Table I: Brokers' Borrowings in New York City, 1926-1937essay
34
Tables II-IVa: Brokers' Loans and Money Loaned by Brokers, 1922-1939essay
35
Tables V-VI: Member Bank Brokers' Loans and Stock Exchange Call Loan Ratesessay
36
Tables VII-X: Capital Issues, Corporate Securities, Stock Prices, and International Capital Movementsessay
37
Tables XI-XVI: Brokers' Cash Balances, Clearing, Velocity, and Customers' Balancesessay
38
Tables XVII-XVIII: United Kingdom Capital Issues, Call Money, Rates, Stock Prices, and Stock Exchange Loansessay
39
Index of Namesbibliography
40
Index of Subjects and Closing Quotationbibliography