ABSTRACT

Originally published in 1926. This book explains clearly the depreciation of the franc, the return to the gold standard and dollar parity, inflation and deflation, the stabilization of the mark and its effects; and the connexion between exchange rates and prices. It describes the transfer of money abroad, bank credits, the various methods in which documentary bills are dealt with and foreign currencies exchanged. Based on the author’s practical experience of finance, it incorporates economic research and contains a concise statement of Britain’s debt to America, the Dawes Reparation Plan, and the debt settlements with France and Italy.

part I|25 pages

Outlines

chapter I|8 pages

Introductory—Currency and Gold

chapter II|8 pages

Mint Pars

chapter III|9 pages

Gold Points

part II|65 pages

Technique

chapter IV|17 pages

Bills of Exchange

chapter V|18 pages

Exchange Trading

chapter VI|23 pages

Documentary Bills and Credits

chapter VII|7 pages

Miscellaneous Practical Issues

part III|65 pages

Exchange, Trade, Prices

chapter VIII|9 pages

The Balance of Trade

chapter IX|10 pages

Loans and Credits

chapter X|7 pages

The Silver Exchanges

chapter XI|17 pages

Interest Rates: Bank Rate and the Exchanges

chapter XII|10 pages

Inflation

chapter XIII|12 pages

Purchasing Power Parity

part IV|81 pages

The New Equilibrium

chapter XIV|19 pages

The Mark

chapter XV|8 pages

The Franc

chapter XVI|24 pages

The Return to Gold

chapter XVII|6 pages

Stabilization

chapter XVIII|24 pages

International Debts