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Excerpt from The Discount System in Europe
If banks were to keep, in cash, all the money deposited with them, business would come to a standstill and a crisis would ensue. If banks were to lend to those who apply for loans all the money on deposit with them, a general panic and collapse would follow a short period Of overstimulation. Between these two extremes lies the middle course, the finding Of which is the problem, and its practice the art Of banking.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- VerlagForgotten Books
- Erscheinungsdatum2018
- ISBN 10 1330682092
- ISBN 13 9781330682098
- EinbandTapa blanda
- SpracheEnglisch
- Anzahl der Seiten50
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The Discount System in Europe (Classic Reprint)
Print-on-DemandAnbieter: Forgotten Books, London, Vereinigtes Königreich
Verkäuferbewertung 5 von 5 Sternen
Paperback. Zustand: New. Print on Demand. This book delves into the intricacies of the European discount system, a cornerstone of the continent's financial infrastructure during the early 20th century. The author meticulously dissects the mechanics of this system, contrasting it with the American system of the time, which was primarily reliant on bonds and stocks. The narrative unravels the historical evolution of promissory notes into bills of exchange, and subsequently, the emergence of vibrant discount markets that facilitated the seamless exchange of these instruments. The author sheds light on the pivotal role of central banks in regulating the discount rate, thereby influencing the flow of money and credit within and across national borders. Delving deeper, the book explores the economic implications of the discount system, particularly its impact on financial stability and the mitigation of risks associated with international trade. The contrasting approaches to reserves and note issuance between Europe and America are meticulously examined, highlighting the potential vulnerabilities of the American system. Ultimately, this book underscores the significance of the discount system as a sophisticated tool for managing financial liquidity and fostering economic resilience, offering invaluable insights into the historical development and enduring relevance of this financial mechanism. 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. Bestandsnummer des Verkäufers 9781330682098_0
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The Discount System in Europe Classic Reprint
Anbieter: PBShop.store US, Wood Dale, IL, USA
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330682098
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The Discount System in Europe Classic Reprint
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
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PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781330682098
Anzahl: 15 verfügbar
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Warburg, P: Discount System in Europe (Classic Reprint)
Anbieter: moluna, Greven, Deutschland
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Zustand: New. KlappentextrnrnExcerpt from The Discount System in EuropeIf banks were to keep, in cash, all the money deposited with them, business would come to a standstill and a crisis would ensue. If banks were to lend to those who apply for loans . Bestandsnummer des Verkäufers 2147785754
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