The Asset Quality Review and Capital Needs: Why re-capitalise banks with public money? CEPS Policy Brief No. 311, 19 December 2013

It is generally assumed that any capital needs discovered by the Asset Quality Review the ECB is scheduled to finish by the end of 2014 should be filled by public funding (= fiscal backstop). This assumption is wrong, however. Banks that do not have enough capital should be asked to obtain it from the market; or be restructured using the procedures and rules recently agreed. The Directorate-General for Competition at the European Commission should be particularly vigilant to ensure that no further state aid flows to an already oversized European banking system. The case for a public backstop was strong when the entire euro area banking system was under stress, but this is no longer the case. Banks with a viable business model can find capital; those without should be closed because any public-sector re-capitalisation would likely mean throwing good money after bad.

Bach and Abel Dry Goods

On verso in two hands: Compliments of Philip Bach. Corner Main and Washington

16th census of the United States: 1940. Census of business: 1939. Retail trade. Commodity sales. Jewelry stores, luggage stores, opticians, photographic supply and camera stores, sporting goods stores, bicycle shops.

At head of title: U.S. Dept. of Commerce. Jesse H. Jones, Secretary. Bureau of the Census. J.C. Capt, Director ..

16th census of the United States: 1940. Census of business: 1939. Retail trade. Commodity sales. Eating places, drinking places, cigar stores, cigar stands, liquor stores (packaged goods)

At head of title: U.S. Dept. of Commerce. Jesse H. Jones, Secretary. Bureau of the Census. J.C. Capt, Director ..

Quality stabilization act. : Report to accompany H.R. 3669, a bill to amend the Federal Trade Commission act, to promote quality and price stabilization, to define and restrain certain unfair methods of distribution and to confirm, define and equalize the rights of producers and resellers in the distribution of goods identified by distinguishing brands, names, or trademarks, and for other purposes.

Mode of access: Internet.

Mobility of people and goods in the urban environment: mobility of the handicapped and elderly. Second draft final report (second year).

Transportation Department, Office of University Research, Washington, D.C.

Assessment of border crossings and transportation corridors for North American trade. Report to Congress pursuant to Intermodal Surface Transportation Efficiency Act of 1991, Public Law 102-240, Sections 1089 and 6015.

Mode of access: Internet.

The domestic manufacturer's assistant, and family directory, in the arts of weaving and dyeing: comprehending a plain system of directions, applying to those arts and other branches nearly connected with them in the manufacture of cotton and woolen goods; including many useful tables and drafts, in calculating and forming various kinds and patterns of goods. Designed for the improvement of domestic manufactures.

Mode of access: Internet.

Goods transportation in urban areas. Proceedings of the Engineering Foundation conference, Berwick Academy, So. Berwick, Me., Aug 5-10, 1973. Final report.

Federal Highway Administration, Washington, D.C.

Goods transportation in urban areas : proceedings of the Engineering Foundation Conference, Sea Island, Georgia, December 4-9, 1977 /

Report no. FHWA-32-26-008.

A treatise on printing and dyeing silks : shawls, garments, bandanas, and piece goods, in the different colours /

Spine title: McKernan on printing and dyeing silks.

The dier's assistant in the art of dying wool and woollen goods : extracted from the philosophical and chymical works of those most eminent authors Ferguson, Dufay, Hellot, Geoffery, Colbert; and that reputable French dier, Mons. de Julienne : translated from the French : with additions and practical experiments /

First published in Leeds, 1778.