ISBN: 9781330516492 - foreign exchange: a study of the exchange mechanism of commerce (classic reprint) (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

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.…