Banking and Exchange Rates
DOI link for Banking and Exchange Rates
Banking and Exchange Rates book
The third part of the Essai is more obviously policy oriented and more obviously linked to the issues of the day than most of the book, though the approach remains resolutely theoret ical. Apart from the first chapter (on foreign trade), it deals with the workings of the banking sector; Cantillon treated exchange rates as a part of the business of transferring money from one place to another, within or between countries, and hence part of the work of a banker.