Our Commercial Banking System--Discussion

It is rather refreshing to listen to a sane paper such as that of Dr. Gephart. In this day of reform, when hectic and cataclysmic innovations seem to be popular, it is reassuring to hear an appraisal of our banking situation from one who realizes that much is wrong, but who is still able to keep his...

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Bibliographic Details
Published inThe American economic review Vol. 25; no. 1; pp. 90 - 101
Main Authors Bell, James Washington, Phillips, C. A., Lichtenstein, Walter, Tout, Herbert, Curtis, C. A.
Format Journal Article
LanguageEnglish
Published Nashville The American Economic Association 01.03.1935
American Economic Association
Subjects
Bank assets
Bank capital
Bank credit
Bank liquidity
Bank loans
Bankers
Banking
Banking regulation
Commercial banking
Commercial banks
Economic theory
Politics
Studies
United States > US
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Summary:It is rather refreshing to listen to a sane paper such as that of Dr. Gephart. In this day of reform, when hectic and cataclysmic innovations seem to be popular, it is reassuring to hear an appraisal of our banking situation from one who realizes that much is wrong, but who is still able to keep his sense of proportion. In particular, he has not succumbed to the current temptation of appealing to the government for help. When anything goes wrong it seems to be a characteristic American reaction to say "there ought to be a law against it." If private individuals fail, we appeal to the government; if local laws do not work, we turn to Washington. Dr. Gephart's thesis is really a defense of the banking system as now constituted, with recommendations for improvement.
ISSN:0002-8282
1944-7981