Originally published in 1923. This book describes the working of the exchanges, and explains post-war fluctuations. It describes bills, documentary and blank credits, the mechanism of exchange trading and money market; and explains inflation, floating debts, purchasing power parity, international indebtedness and stabilisation.
Table of Contents
Preface 1. Introductory – Currency and Gold 2. Mint Pars 3. Gold Points 4. Bills of Exchange 5. Exchange Trading 6. Documentary Bills and Credits 7. The Balance of Trade 8. Loans and Credits 9. The Silver Exchanges 10. Interest Rates: Bank Rate and the Exchanges 11. Inflation 12. Purchasing Power Parity 14. The Mark 15. The Post-War Exchanges