Excerpt from Bank Rate and the Money Market: In England, France, Germany, Holland, and Belgium, 1844-1900 But while business has extended itself very largely among those countries, this has not been accompanied with the same constant tendency to uctuation in the rate Of discount as has been the case in London, nor have the uctuations been as sharp. I have not thought it necessary to include the wonderful growth of banking Operations which has taken place in the United States during the same period, because, although the ...
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Excerpt from Bank Rate and the Money Market: In England, France, Germany, Holland, and Belgium, 1844-1900 But while business has extended itself very largely among those countries, this has not been accompanied with the same constant tendency to uctuation in the rate Of discount as has been the case in London, nor have the uctuations been as sharp. I have not thought it necessary to include the wonderful growth of banking Operations which has taken place in the United States during the same period, because, although the growth in that country has been both proportionally and actually far larger than in Europe, and though the Money Market of New York is very closely connected with that of London, yet the circumstances of banking in the United States are so different from those which Obtain in this country and on the continent of Europe that it did not seem possible to insti tute any useful comparison between them, for the purposes for which this volume is written. These are to call attention to: The increase needed in our specie reserve; and the desirability Of maintaining greater stability in the rate of discount. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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