The Causes And Consequences of the Pressure Upon the Money Market With a State
The Causes And Consequences of the Pressure Upon the Money Market With a State
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London 14, 500, 000 Branch Banks 3, 600, 000 18, 100, 000 Dec. 27. London 13, 500, 000 Branch Banks 3, 800, 000 17, 300, 000 B 18 Having thus stated the action of the different bodies through which the extension and contraction of the paper money of England and Ireland have been effected from the year 1833 to the present time, it may be now expedient to shew the causes which appear to have occasioned the reduction in the cir- culation of the Bank of England. It is the more important to submit t...hese causes to the notice of the public, as they seem in no degree to have arisen from overtrading or any undue speculative advance in commercial prices : occurrences of that nature tend to produce an unfavourable foreign exchange, an evil only to be remedied by that contraction of the circulation which eventually restores prices and currency to a level with those existing in foreign countries. If, therefore, upon reference being made to the state of the foreign exchanges during the period to which the inquiry relates, it be found that no material derangement existed, our attention is naturally directed to the consideration of the other causes that have occasioned the demand upon our metallic currency.
What to read after The Causes And Consequences of the Pressure Upon the Money Market With a State?
You can find similar books in the "Read Also" column, or choose other free books by J Horsley John Horsley Palmer to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
London 14, 500, 000 Branch Banks 3, 600, 000 18, 100, 000 Dec. 27. London 13, 500, 000 Branch Banks 3, 800, 000 17, 300, 000 B 18 Having thus stated the action of the different bodies through which the extension and contraction of the paper money of England and Ireland have been effected from the year 1833 to the present time, it may be now expedient to shew the causes which appear to have occasioned the reduction in the cir- culation of the Bank of England. It is the more important to submit t...hese causes to the notice of the public, as they seem in no degree to have arisen from overtrading or any undue speculative advance in commercial prices : occurrences of that nature tend to produce an unfavourable foreign exchange, an evil only to be remedied by that contraction of the circulation which eventually restores prices and currency to a level with those existing in foreign countries. If, therefore, upon reference being made to the state of the foreign exchanges during the period to which the inquiry relates, it be found that no material derangement existed, our attention is naturally directed to the consideration of the other causes that have occasioned the demand upon our metallic currency.
What to read after The Causes And Consequences of the Pressure Upon the Money Market With a State?
You can find similar books in the "Read Also" column, or choose other free books by J Horsley John Horsley Palmer to read onlineMoreLess
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