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Proposals for Strengthening the National Banking System. II

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  • O. M. W. Sprague

Abstract

The bond-secured notes have not been a serious element of weakness, 634. — The present practice of paying interest on bankers' deposits, the fundamental cause of inelasticity, 637. — And also of the lack of any reserve of lending power in our banking system, 638. — Regular redemption of notes alone would not ensure elasticity, 642. — Evils which may be attributed to the bond-secured notes, 645. — A plan for the substitution of an asset currency of limited volume, 646. — Proposal for the modification of the present method of paying interest on bankers' deposits, 650. — Summary of the proposals in this and the preceding article, 654.

Suggested Citation

  • O. M. W. Sprague, 1910. "Proposals for Strengthening the National Banking System. II," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 24(4), pages 634-659.
    • Handle: RePEc:oup:qjecon:v:24:y:1910:i:4:p:634-659.
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    File URL: http://hdl.handle.net/10.2307/1883491
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    Cited by:

    1. Rockoff, Hugh, 2015. "O.M.W. Sprague (the man who “wrote the book” on financial crises) and the founding of the Federal Reserve," Journal of Financial Stability, Elsevier, vol. 17(C), pages 35-45.

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