ABSTRACT
Bibliography.—Since the following exposition will be primarily theoretical in character, we must necessarily refer to the works which describe more or less exhaustively the actual working of the money market, especially in our own day. Among them, in the Scandinavian languages, we must note W. Scharling’s extremely well-written Bankpolitik; Aschehoug’s already cited work, ch. 62 et seq.; J. Leffler, “Krediten och Bankväsendet” (in Ekonomiska Samhällslivet); Davidson, Europas Central-banker and essays in Ekonomisk Tidskrift; Goschen, Foreign Exchanges. Among the many foreign works on the subject, the English are especially remarkable for richness of content and concise treatment. The English money market remains the model for other countries. We will only mention here the smaller textbooks by Clare, A Key to the Money Market, Money Market Primer and The ABC of the Foreign Exchanges; Withers, The Meaning of Money, Stocks, Shares and Debentures, and Money Changing, and particularly Bagehot’s Lombard Street—a work which, although not up to date, is unsurpassed from the point of view of exposition.
