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Sinopsis
Excerpt from Foreign Exchange: A Study of the Exchange Mechanism of Commerce
Tendency to a reverse flow or to equilibrium. Since this last chapter was written, the outbreak of the European war, and the consequent risk and cost of shipping gold, have given practical significance to a discussion which would perhaps have appeared to be theoretical and academic.
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Foreign Exchange: A Study of the Exchange Mechanism of Commerce
Impresión bajo demandaLibrería: Forgotten Books, London, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
Paperback. Condición: New. Print on Demand. This book delves into the history, theory, and practice of foreign exchange and credit from the perspective of economics. The author explores how foreign exchange markets function, focusing on the role of bills of exchange. It examines how these markets impact the exchange rate and the flow of specie between countries. The book also investigates the nature of bank credit, showing how it serves as a substitute for money and facilitates internal and external trade. The author explains how bank deposits are created through borrowing and how banks can safely lend out their credit while maintaining a fractional cash reserve. Through a detailed analysis of the interrelations between buyers and sellers in the credit mechanism of exchange, this book provides valuable insights into the economic theory of foreign exchange operations. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781330516492_0
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Foreign Exchange A Study of the Exchange Mechanism of Commerce Classic Reprint
Librería: PBShop.store US, Wood Dale, IL, Estados Unidos de America
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330516492
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Foreign Exchange A Study of the Exchange Mechanism of Commerce Classic Reprint
Librería: PBShop.store UK, Fairford, GLOS, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330516492
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