A fresh look at how money, credit, and policy push the price of trade between Britain and Ireland.
This nonfiction classic examines how the amount and type of circulating money influence exchange rates, banking practices, and economic outcomes across the two islands.
Through careful reasoning and contemporary data, the book explains why adding or withholding circulating medium can raise or depress prices, affect imports and exports, and shape policy choices. It uses examples, discussions of banking systems, and historical tables to illuminate the dynamics behind commercial exchanges.
- Clear explanations of how currency supply and banking rules affect exchange rates
- Discussion of proposed remedies and their potential impact on trade
- Historical data, charts, and Appendix material that illustrate the arguments
- A thoughtful look at policy trade-offs in a connected economy
Ideal for readers of economic history and policy who want a grounded view of money, trade, and bank policy in a real-world setting.