ABSTRACT

Originally published in 1923. This book describes the working of the exchanges, and explains post-war fluctuations. It describes bills, documentary and blank credits, the mechanism of exchange trading and money market; and explains inflation, floating debts, purchasing power parity, international indebtedness and stabilisation.

chapter I|9 pages

INTRODUCTORY CURRENCY AND GOLD

chapter II|9 pages

MINT PARS

chapter III|11 pages

GOLD POINTS

chapter IV|18 pages

BILLS OF EXCHANGE

chapter V|17 pages

EXCHANGE TRADING

chapter VI|23 pages

DOCUMENTARY BILLS AND CREDITS

chapter VII|10 pages

THE BALANCE OF TRADE

chapter VIII|10 pages

LOANS AND CREDITS

chapter IX|9 pages

THE SILVER EXCHANGES

chapter XI|11 pages

INFLATION

chapter XII|12 pages

PURCHASING POWER PARITY

chapter XIII|11 pages

THE MARK

chapter XIV|21 pages

THE POST-WAR EXCHANGES