Publications of National Monetary Commission volume 14
Publications of National Monetary Commission volume 14
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In our eReader you can find the full English version of the book. Read Publications of National Monetary Commission volume 14 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 Publications of National Monetary Commission volume 14
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The supporters of this proposal described the sum to be deposited in cash at the Reichsbank as "the national working reservx^" or "iron reserve" {" eisernc Reserve'') which would enable the Reichsbank to issue three times the amount in bank notes, the security for which could not be withdrawn, and by which the nation could be constantly supplied with liquid working funds.
-. &i National Monetary Commission When subjected to analysis, both the premises on which these views are based and the aims..., as well as the con- clusions arrived at, prove untenable.
As regards the premises, the facts set forth on previous pages of the present work suffice to disprove the assertion that German credit banks are in the habit of tying up an excessive part of their resources (p. 83), and thereby endanger the security of their liabilities. On the con- trary, we saw that all the liabilities of the German credit banks are covered almost up to two-thirds of their amount by liquid resources, whereas the law requires that even bank notes payable on sight may be covered by cash reserves only up to one- third of their amount.
What to read after Publications of National Monetary Commission volume 14?
You can find similar books in the "Read Also" column, or choose other free books by United States. National Monetary Commission to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The supporters of this proposal described the sum to be deposited in cash at the Reichsbank as "the national working reservx^" or "iron reserve" {" eisernc Reserve'') which would enable the Reichsbank to issue three times the amount in bank notes, the security for which could not be withdrawn, and by which the nation could be constantly supplied with liquid working funds.
-. &i National Monetary Commission When subjected to analysis, both the premises on which these views are based and the aims..., as well as the con- clusions arrived at, prove untenable.
As regards the premises, the facts set forth on previous pages of the present work suffice to disprove the assertion that German credit banks are in the habit of tying up an excessive part of their resources (p. 83), and thereby endanger the security of their liabilities. On the con- trary, we saw that all the liabilities of the German credit banks are covered almost up to two-thirds of their amount by liquid resources, whereas the law requires that even bank notes payable on sight may be covered by cash reserves only up to one- third of their amount.
What to read after Publications of National Monetary Commission volume 14?
You can find similar books in the "Read Also" column, or choose other free books by United States. National Monetary Commission to read onlineMoreLess
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