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论文代写招聘:银行遇上经济大萧条

论文代写招聘:银行遇上经济大萧条

尽管银行家在1929年非常聪明,但银行业的结构本来就很脆弱。随着一家银行的倒闭,其他银行的资产也被冻结,而存款人也被警告不要去取钱。因此,一次失败导致了另一次的失败,并且这些失败已经随着多米诺骨牌效应极其广泛地传播开来。自1929年的头六个月以来,全国各地有346家银行面临倒闭,存款总额约为1.15亿美元。由于金融债权市场被认为是不完整的,跨特定类别的出借人和借款者的中介需要重要的信息收集和做市服务。随着实际中介成本的上升,一些借款人在获得中介的过程中面临着很大的困难和费用。因此,可以说引发大萧条的因素有很多,这些因素都是相互关联的。人们对大萧条的传统看法是,它始于银行危机,而美联储(fed)在扩大货币供应方面面临的失败进一步引发了大萧条。
基于此,也可以说,为了从萧条中复苏,经济一直在正轨上,直到1937年。当时,美联储考虑提高银行准备金率,并削减了财政刺激。然而,大萧条持续时间之短、持续时间之长、持续时间之深似乎与过去的解释不一致。基于此,可以说,大萧条一开始是一个严重的后果,在大萧条初期,制造业产出下降了35%,先于货币供应的大幅下降和银行业的恐慌。大萧条的持续时间比预期的要长。1933年以后,生产力迅速增长;在1933年到1939年之间,联邦研究的货币基础增加了一倍多,流动资金充足,银行系统面临稳定,通货紧缩消除,大量的需求刺激。

论文代写招聘:银行遇上经济大萧条

Even though bankers were significantly smart in the year 1929, the structure of banking had been inherently weak. With the failure of one bank, there were frozen assets of other banks, while the depositors were being warned about it for going and asking for their money. Therefore, one failure resulted in the failure of others, and these had been spreading extremely with a domino impact. Since the initial six months of the year 1929, 346 banks faced failure in a number of different parts of the nation, having aggregate deposits at approximately 115 million dollars. As markets for the claims of finance can be seen as incomplete, intermediation across certain classes of lenders and borrowers requires non- trivial information gathering and market making service. With a rise in actual costs of intermediation, some of the borrowers faced a lot of difficulty and expense for obtaining it. Hence, it can be stated that a number of factors resulted in triggering the Great Depression, all being related to one another. The conventional perception about the Depression is that it started off from the crises of bank and further was triggered by the failure faced by Federal Reserve for expanding the supply of money.
Based on this, it can also be argued that in order to recover from Depression, the economies had been on track until the year 1937. This was the time when Fed considered raising requirements of bank reserve and there had been a reduction of fiscal stimulus. However, the immediate chronic and depth duration of the Great Depression seems to maintain inconsistency of past explanations. Based on this, it can be stated that the Depression started off as a severe consequence as the output of manufacturing fell by 35 per cent during the initial period of the Depression, prior to the large declines in the supply of money and the panics of banking. The Depression ended up lasting for a longer period than anticipated. After the year 1933, the growth of productivity had been rapid; liquidity was in abundance, the system of banking faced stabilization, there was elimination of deflation and a lot of demand stimulus as the monetary base of Federal Research more than doubled between the year of 1933 and the year of 1939.