Credit of the Nations a Study of the European War
Credit of the Nations a Study of the European War
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In our eReader you can find the full English version of the book. Read Credit of the Nations a Study of the European War Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Credit of the Nations a Study of the European War
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It never occurred to us to resort to a public moratorium.
There seems to be little doubt that in France at this time there was a large supply of free capital, but that the conditions then existing kept it unemployed. This was due somewhat to timidity, but largely to the mora- torium. It resulted that large amounts of capital were withdrawn from industry at a critical moment. The re- strictions on the withdrawal of bank deposits, moreover, 162 CREDIT OF THE NATIONS caused no little lack of confi...dence in bank deposits and their security. The inability to draw deposits freely put a premium on hoarding. In addition, the locking up of bank-balances forced the customer to seek funds, if pos- sible, in other ways, and added to the pressure on the banks for discounts.
In general, however, the whole matter brings up again the worth of the Continental habit of making payments mainly by money and not by more economical methods such as the use of checks. At the bottom of checks'*"^^"^ the tendency to withdraw deposits was the desire to get notes or coin which could be hoarded.
What to read after Credit of the Nations a Study of the European War?
You can find similar books in the "Read Also" column, or choose other free books by J Laurence James Laurence Laughlin to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It never occurred to us to resort to a public moratorium.
There seems to be little doubt that in France at this time there was a large supply of free capital, but that the conditions then existing kept it unemployed. This was due somewhat to timidity, but largely to the mora- torium. It resulted that large amounts of capital were withdrawn from industry at a critical moment. The re- strictions on the withdrawal of bank deposits, moreover, 162 CREDIT OF THE NATIONS caused no little lack of confi...dence in bank deposits and their security. The inability to draw deposits freely put a premium on hoarding. In addition, the locking up of bank-balances forced the customer to seek funds, if pos- sible, in other ways, and added to the pressure on the banks for discounts.
In general, however, the whole matter brings up again the worth of the Continental habit of making payments mainly by money and not by more economical methods such as the use of checks. At the bottom of checks'*"^^"^ the tendency to withdraw deposits was the desire to get notes or coin which could be hoarded.
What to read after Credit of the Nations a Study of the European War?
You can find similar books in the "Read Also" column, or choose other free books by J Laurence James Laurence Laughlin to read onlineMoreLess
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