Excerpt from Thoughts on the Alarming State of the Circulation, and on the Means of Redressing the Pecuniary Grievances in Ireland
The restriction imposed by order of Council, and afterwards confirmed by the legislature in the year 1797, on payments in cash by the Bank of England, was a measure originating in the necessity of the times.
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Paperback. Zustand: New. Print on Demand. This book provides a historical analysis of how a central bankâs excessive money creation can lead to financial instability. The author argues that an oversupply of banknotes can cause inflation, currency depreciation, and a decline in the value of gold and other commodities. Drawing on examples from Ireland in the late 18th and early 19th centuries, the book demonstrates how the Bank of Ireland's unrestricted issuance of banknotes led to a rise in prices, a fall in the value of its currency, and a drain on its gold reserves. The author concludes that central banks must carefully manage the money supply to avoid these negative consequences. 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 9781334472480_0
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Anbieter: PBShop.store US, Wood Dale, IL, USA
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334472480
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334472480
Anzahl: 15 verfügbar