001404176 000__ 03357cam\a2200493Ia\4500 001404176 001__ 1404176 001404176 003__ MaCbMITP 001404176 005__ 20221020102814.0 001404176 006__ m\\\\\o\\d\\\\\\\\ 001404176 007__ cr\un\nnnunnun 001404176 008__ 220711s2012\\\\maua\\\\ob\\\\001\0\eng\d 001404176 020__ $$a9780262298674$$q(electronic bk.) 001404176 020__ $$a0262298678$$q(electronic bk.) 001404176 020__ $$z9780262016377$$q(hardcover ;$$qalk. paper) 001404176 020__ $$z0262016370$$q(hardcover ;$$qalk. paper) 001404176 035__ $$a(OCoLC)774956266$$z(OCoLC)776813668$$z(OCoLC)782105475$$z(OCoLC)817058238$$z(OCoLC)961515939$$z(OCoLC)962616942$$z(OCoLC)966207576$$z(OCoLC)988511701$$z(OCoLC)992107046$$z(OCoLC)1037932795$$z(OCoLC)1038678686$$z(OCoLC)1038694371$$z(OCoLC)1055332440$$z(OCoLC)1065975758$$z(OCoLC)1081266000 001404176 035__ $$a(OCoLC-P)774956266 001404176 040__ $$aOCoLC-P$$beng$$epn$$cOCoLC-P 001404176 050_4 $$aHG4715$$b.G37 2012eb 001404176 072_7 $$aBUS$$x036050$$2bisacsh 001404176 072_7 $$aBUS023000$$2bisacsh 001404176 072_7 $$aBUS027000$$2bisacsh 001404176 08204 $$a332.63/2420973$$222 001404176 1001_ $$aGarbade, Kenneth D. 001404176 24510 $$aBirth of a market :$$bthe U.S. Treasury securities market from the Great War to the Great Depression /$$cKenneth D. Garbade. 001404176 260__ $$aCambridge, Mass. :$$bMIT Press,$$c2012. 001404176 300__ $$a1 online resource (viii, 393 pages) :$$billustrations 001404176 336__ $$atext$$btxt$$2rdacontent 001404176 337__ $$acomputer$$bc$$2rdamedia 001404176 338__ $$aonline resource$$bcr$$2rdacarrier 001404176 506__ $$aAccess limited to authorized users. 001404176 5208_ $$aThe market for U.S. Treasury securities is a marvel of modern finance. In 2009 the Treasury auctioned #8.2 trillion of new securities, ranging from 4-day bills to 30-year bonds, in 283 offerings on 171 different days. By contrast, in the decade before World War I, there was only about #1 billion of interest-bearing Treasury debt outstanding, spread out over just six issues. New offerings were rare, and the debt was narrowly held, most of it owned by national banks. In Birth of a Market, Kenneth Garbade traces the development of the Treasury market from a financial backwater in the years before World War I to a multibillion dollar market on the eve of World War II. Garbade focuses on Treasury debt management policies, describing the origins of several pillars of modern Treasury practice, including "regular and predictable" auction offerings and the integration of debt and cash management. He recounts the actions of Secretaries of the Treasury, from William McAdoo in the Wilson administration to Henry Morgenthau in the Roosevelt administration, and their responses to economic conditions. Garbade's account covers the Treasury market in the two decades before World War I, how the Treasury financed the Great War, how it managed the postwar refinancing and paydowns, and how it financed the chronic deficits of the Great Depression. He concludes with an examination of aspects of modern Treasury debt management that grew out of developments from 1917 to 1939. 001404176 588__ $$aOCLC-licensed vendor bibliographic record. 001404176 650_0 $$aGovernment securities$$zUnited States$$xHistory. 001404176 650_0 $$aInvestments$$zUnited States$$xHistory. 001404176 653__ $$aECONOMICS/Economic History 001404176 653__ $$aECONOMICS/Finance 001404176 655_0 $$aElectronic books 001404176 852__ $$bebk$$hProQuest Ebook Central Academic Complete 001404176 85640 $$3ProQuest Ebook Central Academic Complete$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=3339369$$zOnline Access 001404176 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf 001404176 909CO $$ooai:library.usi.edu:435573$$pGLOBAL_SET 001404176 980__ $$aBIB 001404176 980__ $$aEBOOK 001404176 982__ $$aEbook 001404176 983__ $$aOnline