The Bank of England: And the Organisation of Credit in EnglandLongmans, Green, Reader, & Dyer, 1866 - 869 páginas |
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Página 41
... rate of discount , there- fore , are , in truth , only the sign of the evil . The real evil is the altered proportion between capital and credit , and a variation in the rate of discount is the corrector of the evil . To attempt to keep the ...
... rate of discount , there- fore , are , in truth , only the sign of the evil . The real evil is the altered proportion between capital and credit , and a variation in the rate of discount is the corrector of the evil . To attempt to keep the ...
Página 42
... rate of discount must rise ; and this has a tendency to prevent the outflow of bullion , and to attract it from abroad ; on the other hand , if capital be flowing into the country , and likely to become too abundant , compared to credit ...
... rate of discount must rise ; and this has a tendency to prevent the outflow of bullion , and to attract it from abroad ; on the other hand , if capital be flowing into the country , and likely to become too abundant , compared to credit ...
Página 43
... rate of discounts just hits profits between wind and water . Consequently , a rise in the rate of discount retards and curtails production in proportion to the diminished con- suming powers of the nation , and so prevents such a ruinous ...
... rate of discounts just hits profits between wind and water . Consequently , a rise in the rate of discount retards and curtails production in proportion to the diminished con- suming powers of the nation , and so prevents such a ruinous ...
Página 44
... rate of discount , therefore , acts as a timely warning to producers to hold hard , but , in that case , especially with a paper - currency , it may be better still not to discount at all , than to disturb the uniform rate of discount ...
... rate of discount , therefore , acts as a timely warning to producers to hold hard , but , in that case , especially with a paper - currency , it may be better still not to discount at all , than to disturb the uniform rate of discount ...
Página 45
... rate of discount , or a suspension of discount , capital will continue to flow in until it be so superabundant that a violent fall takes place . Persons who are accustomed to depend on the incomes they derive from the interest of money ...
... rate of discount , or a suspension of discount , capital will continue to flow in until it be so superabundant that a violent fall takes place . Persons who are accustomed to depend on the incomes they derive from the interest of money ...
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Términos y frases comunes
affairs amount of notes augment Bank Act Bank Charter Act Bank Directors bank notes Bank of Eng Bank of England Bank of France Bank rate bank-notes bankers Banking Department banking reserve Banks of Issue bullion capitalists cent coinage commerce commodities consequence credit money currency Debt demand deposits diminish effect Émile Émile Pereire England notes equal established export fact fixed funds gold and silver increase Isaac Pereire Issue Department issue notes issue of notes Joint-Stock Banks legal tender loanable capital London Lord Overstone loss means ment Michel Chevalier millions monopoly National notes in circulation notes issued operations panic paper money payment precious metals present principle privilege produce profit proportion quantity question raising the rate rate of discount rate of interest regulated render reserve of notes silver coin Sir Robert Peel specie tion trade and industry wants whole Wolowski