The purpose of this dissertation is to examine and analyze the banker's acceptance and the bankers' acceptance market. A banker's acceptance is a money market instrument used to finance the export, import, movement, and storage of goods; it begins as a trade draft, and it is termed accepted when a commercial bank guarantees payment. The banker's acceptance represents an historical evolution of the medieval bill of exchange. The banker's acceptance as we know it today first appeared in England in the 1820s. The birth of the banker's acceptance in the United States occurred with passage of the Federal Reserve Act in 1913. A survey was made of the twenty largest U.S. commercial banks in order to determine certain perceived characteristics of the banker's acceptance and the bankers' acceptance market. As a result of the survey, a new money market instrument is suggested. The new money market instrument is to be called a Banker's Acceptance Participation Certificate.
| Identifer | oai:union.ndltd.org:unt.edu/info:ark/67531/metadc332444 |
| Date | 05 1900 |
| Creators | Wilson, Hoyet W. |
| Contributors | Christy, George A., Cochran, Kendall P., King, Barry Goodwin |
| Publisher | North Texas State University |
| Source Sets | University of North Texas |
| Language | English |
| Detected Language | English |
| Type | Thesis or Dissertation |
| Format | vi, 167 leaves : ill., Text |
| Rights | Public, Wilson, Hoyet W., Copyright, Copyright is held by the author, unless otherwise noted. All rights reserved. |
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