Banking Principles and Practice, Vol. 5 of 5: The Foreign Division
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 21.64
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book delves into the fascinating world of international finance, exploring the intricate workings of foreign exchange and its vital role in global trade. Through a meticulous examination of the operations of a large metropolitan bank's foreign division, the author unpacks the complexities of international payments, bills of exchange, and the intricacies of gold shipments. The book takes readers on a journey through the history of international trade, highlighting the evolution of specialized financial institutions and the gradual shift from merchant bankers to dedicated foreign exchange departments. The author examines the intricate relationships between supply and demand for bills of exchange, their fluctuation in value, and the impact of gold movements on exchange rates. The book's insights into the nuances of foreign exchange provide a rich understanding of how international commerce is funded, revealing the critical role played by discount markets, acceptance houses, and bankers in the intricate network of global 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.…
Seller Inventory # 9781333408459_0
- Title
- Banking Principles and Practice, Vol. 5 of 5: The Foreign Division
- Author
- Ray Bert Westerfield
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1333408455
- ISBN 13
- 9781333408459
- Seller catalogs
- Business
The pages frame the scope and value of the Foreign Division, illustrating how institutions cooperate with government agencies, private firms, and international partners to support trade finance, currency exchange, and cross-border payments. It emphasizes the practical systems that underlie international banking, including documentation, risk management, and record-keeping.
- How foreign commerce is funded and organized, with emphasis on specialization and coordination
- The function of banks, correspondents, and foreign agencies in global finance
- Processes for foreign collections, discounting, and documentary handling
- Use and administration of commercial letters of credit and related credits
Ideal for readers of financial history, banking operations, and international finance who want a clear view of how a bank’s foreign division supports global trade.
"Synopsis" may belong to another edition of this title.
Forgotten Books
London, United Kingdom
AbeBooks seller since June 2, 2021
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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