First Published in 1972. The London Discount Market is unique, and
its existence has contributed more than any other single factor to
the elaboration of what may legitimately be called the Anglo-Saxon
tradition in Central Banking technique. The bill of exchange has
existed for centuries in its classical late Victorian form by many
decades. This book assesses how in no other country in the world
did the same relationships evolve between the Central institution
and the Money Market.
General
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