On the Influence of a Note Circulation in the Conduct of Banking Business (Classic Reprint) - Softcover

R. H. Inglis Palgrave

 
9781333473952: On the Influence of a Note Circulation in the Conduct of Banking Business (Classic Reprint)

Synopsis

This book explores the role of bank notes in the development of the British banking system, focusing on the period from 1844 to 1876. The author argues that a note circulation was essential for the growth of banking in the early 19th century, particularly in rural areas. The author compares the growth of deposits and note circulation in England, Scotland, Ireland, and Sweden, arguing that the power of issuing notes has been a major factor in the growth of deposits in these countries. The book also discusses the relationship between the note circulation and the rate of interest charged by the Bank of England. The author concludes that the note circulation has played a significant role in the development of the British economy and that it remains an important part of the banking system today.

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