The purpose of this 1931 textbook is two-fold: to develop the principles of bank credit considered in the abstract and to set forth the main factors underlying the loans made, the credit extended, by banks to borrowers.
Part One is devoted mainly to an explanation of the way in which cash in banks becomes the basis of manifold loans and deposits, and to a statement of the relation of loans to the other principal items of the bank balance sheet.
The burden of Part Two is a consideration of the factors underlying and affecting the soundness of the contents of banks' portfolios.
Meet the Author
Chester A. Phillips
View Chester A. Phillips bio and works
This rare study by C.A. Phillips, together with T.F. McManus and R.W. Nelson, appeared in 1937 as an Austrian-style analysis of the stock market crash and the great depression that followed. It explores the many theories tossed about at the time, and
The purpose of this 1931 textbook is two-fold: to develop the principles of bank credit considered in the abstract and to set forth the main factors underlying the loans made, the credit extended, by banks to borrowers. Part One is devoted mainly to
References
NY: MacMillan Company, 1931
