Foreign Exchange: A Study of the Exchange Mechanism of Commerce
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$ 19.47
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book delves into the history, theory, and practice of foreign exchange and credit from the perspective of economics. The author explores how foreign exchange markets function, focusing on the role of bills of exchange. It examines how these markets impact the exchange rate and the flow of specie between countries. The book also investigates the nature of bank credit, showing how it serves as a substitute for money and facilitates internal and external trade. The author explains how bank deposits are created through borrowing and how banks can safely lend out their credit while maintaining a fractional cash reserve. Through a detailed analysis of the interrelations between buyers and sellers in the credit mechanism of exchange, this book provides valuable insights into the economic theory of foreign exchange operations. 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 # 9781330516492_0
- Title
- Foreign Exchange: A Study of the Exchange Mechanism of Commerce
- Author
- Harry Gunnison Brown
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1330516494
- ISBN 13
- 9781330516492
- Seller catalogs
- Economics
Unlock the hidden mechanics behind international money moves and why exchange rates move the way they do.
This clear, approachable guide explains how the value of currencies is set, how gold and specie flows influence prices, and how imports, exports, and government duties ripple through the rate of exchange.
The book takes you through the practical workings of the exchange market, including the roles of bills of exchange, bank credits, and the systems that move money across borders. It shows how short- and long-term financing, foreign loans, and investments interact with price levels and currency values, shaping everyday commerce.- How exchange rates are formed and what causes them to rise or fall
- How flow of specie and movement of gold affect domestic prices
- The impact of import duties, export duties, and trade balances on currency values
- How banks, drafts, letters of credit, and finance bills operate in cross-border 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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