Today's Technician
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Today's Technician by Mark Schnubel
Howard Bodenhorn's State Banking in Early America studies the financial experimentation that took place in the United States between 1790 and 1860. Dr. Bodenhorn's book explores regional differences in banking structures, which bear indirectly in the conection between financial and economic development. If a single theme emerges, it is that the United States benefitted from its free banking philosophy in which state governments, rather than a centralized authority, created financial structures designed to serve specific, local needs. Thus decentralized federalism provided state legislatures with a great deal of flexibility in their individual approaches to economic and financial issues. The important lessons to be learned from Dr. Bodenhorn's historical account are that successful banking systems are flexible, predictable, and incentive-compatible; they meet the needs of the borrowers, depositors and shareholders, and they reduce downside risks to generally agreed upon levels. These lessons imply that we cannot, a priori, define an optimal, one-size-fits-all banking system. We need to know something about the formal and informal institutions underlying an economy and about the risk preferences of its citizenry. Historically, outsiders view Americans as experimenters and risk takers. Nowhere is this experimentation and risk taking more apparent than in early American banking policies.
Schnubel, Mark: - Mark Schnubel is an associate professor and coordinator of the automotive technician and automotive management programs at Naugatuck Valley Community College in Waterbury, Connecticut. He is an ASE-Certified Master Automotive Technician with decades of experience in the automotive services industry, and he holds a master's degree in education. In addition to his activities as an author and educator, Schnubel has served as an advisor to the U.S. Department of Education on academic preparation for 12th graders planning to enter job-training programs after graduation.
| SKU | Nicht verfügbar |
| ISBN 13 | 9780357358696 |
| ISBN 10 | 0357358694 |
| Titel | Today's Technician |
| Autor | Mark Schnubel |
| Buchzustand | Nicht verfügbar |
| Bindungsart | Paperback |
| Verlag | Cengage Learning |
| Erscheinungsjahr | 2021-01-01 |
| Seitenanzahl | 624 |
| Hinweis auf dem Einband | Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden. |
| Hinweis | Nicht verfügbar |