Synopsis
This book explores the development of English banking, examining the rise of Joint Stock Banks and their impact on the private banking system. The author discusses the establishment of the Country Clearing and the importance of using cheques instead of coin and notes, a practice that has minimised the need for gold and notes in the banking system. The text centres on the importance of maintaining sufficient cash reserves to ensure a smoothly functioning system and to control price fluctuation, emphasising the role of the Bank of England as the state department managing the Issue Department. The book argues that the development of the English banking system has been driven by the tremendous growth of English trade and the expansion of its global footprint. The author highlights the significance of the banking system's ability to adapt to changing economic conditions and to facilitate the growth of international trade.
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English Banking, Its Development and Some Practical Problems It Has to Solve
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book explores the development of English banking, examining the rise of Joint Stock Banks and their impact on the private banking system. The author discusses the establishment of the Country Clearing and the importance of using cheques instead of coin and notes, a practice that has minimised the need for gold and notes in the banking system. The text centres on the importance of maintaining sufficient cash reserves to ensure a smoothly functioning system and to control price fluctuation, emphasising the role of the Bank of England as the state department managing the Issue Department. The book argues that the development of the English banking system has been driven by the tremendous growth of English trade and the expansion of its global footprint. The author highlights the significance of the banking system's ability to adapt to changing economic conditions and to facilitate the growth of international trade. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334243769_0
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English Banking, Its Development and Some Practical Problems It Has to Solve Three Lectures Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334243769
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English Banking, Its Development and Some Practical Problems It Has to Solve Three Lectures Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334243769
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