rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Birth of a market
    sub title: the U.S. Treasury securities market from the Great War to the Great Depression
  name:
    name part: Garbade, Kenneth D.
    role:
      role term: creator
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: mau
    place:
      place term: Cambridge, Mass
    publisher: MIT Press
    date issued: ©2012
    date issued: 2012
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource (viii, 393 pages) : illustrations
  abstract: The market for U.S. Treasury securities is a marvel of modern finance. In 2009 the Treasury auctioned #8.2 trillion of new securities, ranging from 4-day bills to 30-year bonds, in 283 offerings on 171 different days. By contrast, in the decade before World War I, there was only about #1 billion of interest-bearing Treasury debt outstanding, spread out over just six issues. New offerings were rare, and the debt was narrowly held, most of it owned by national banks. In Birth of a Market, Kenneth Garbade traces the development of the Treasury market from a financial backwater in the years before World War I to a multibillion dollar market on the eve of World War II. Garbade focuses on Treasury debt management policies, describing the origins of several pillars of modern Treasury practice, including "regular and predictable" auction offerings and the integration of debt and cash management. He recounts the actions of Secretaries of the Treasury, from William McAdoo in the Wilson administration to Henry Morgenthau in the Roosevelt administration, and their responses to economic conditions. Garbade's account covers the Treasury market in the two decades before World War I, how the Treasury financed the Great War, how it managed the postwar refinancing and paydowns, and how it financed the chronic deficits of the Great Depression. He concludes with an examination of aspects of modern Treasury debt management that grew out of developments from 1917 to 1939.
  note: Kenneth D. Garbade.
  subject:
    topic: Government securities
    geographic: United States
    topic: History
  subject:
    topic: Investments
    geographic: United States
    topic: History
  subject:
    topic: ECONOMICS/Economic History
  subject:
    topic: ECONOMICS/Finance
  classification: HG4715 .G37 2012eb
  classification: 332.63/2420973
  identifier: 9780262298674
  identifier: 0262298678
  identifier: 9780262016377
  identifier: 0262016370
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: OCoLC-P
    record creation date: 120201
    record change date: 20221121162625.4
    record identifier: in00004602285
    language of cataloging:
      language term: eng