Originally published in 1926. This book explains clearly the
depreciation of the franc, the return to the gold standard and
dollar parity, inflation and deflation, the stabilization of the
mark and its effects; and the connexion between exchange rates and
prices. It describes the transfer of money abroad, bank credits,
the various methods in which documentary bills are dealt with and
foreign currencies exchanged. Based on the author's practical
experience of finance, it incorporates economic research and
contains a concise statement of Britain's debt to America, the
Dawes Reparation Plan, and the debt settlements with France and
Italy.
General
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