Banking and the Business Cycle
by C. A. Phillips
Publisher: The MacMillan Company 1937
Number of pages: 287
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 concludes that the theory "here developed may be called a 'central banking' explanation of the depression. The depth and duration of the depression are held to be the ineluctable consequences of the preceding boom.
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Terms related to banking, finance, money management, electronic commerce, and legal regulations. An indispensable reference for banking and finance professionals, students, business owners, and consumers. An aid to understanding banking practices.
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