The Collected Works of Walter Bagehot: The economic essays |
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Стр. 202
We can now calculate the course of the government account nearly as well as it is possible to calculate it . So far , as we have said , an analysis of the return of the Bank of England is very favourable to the Bank .
We can now calculate the course of the government account nearly as well as it is possible to calculate it . So far , as we have said , an analysis of the return of the Bank of England is very favourable to the Bank .
Стр. 251
Now exactly this very same course of events appears to take place in consequence of the introduction of paper money , which has also the effect of economising the use of coin . In its origin , paper money is a promise to pay specie .
Now exactly this very same course of events appears to take place in consequence of the introduction of paper money , which has also the effect of economising the use of coin . In its origin , paper money is a promise to pay specie .
Стр. 314
If the whole of it were not required , the surplus would of course be returned to him . Nothing , indeed , can be more capricious than the present state of the law . While it forbids the formation of banks with limited liability ...
If the whole of it were not required , the surplus would of course be returned to him . Nothing , indeed , can be more capricious than the present state of the law . While it forbids the formation of banks with limited liability ...
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Editors Preface | 19 |
Foreign Countries 186376 | 22 |
Note on the Text | 25 |
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Часто встречающиеся слова и выражения
advances alarm amount augmented Bagehot balance Bank directors bank notes Bank of England Bank of France bankers banking department banking reserve bill brokers borrow bullion capital cash cause cent cheque circulation coin commercial commodities companies consequence currency danger dealers demand deposit banking depreciation diminished discount dividend doubt economic Economist effect English evil exchange Exchequer export foreign give gold Governor greater important increase industry joint stock banks joint stock companies keep lend lent less loans Lombard Street London Lord Overstone means ment mercantile merchants metallic money market monopoly nation natural never note issue obtain opinion Overend paid panic paper payment Peel's Act persons present principle private banks profit quantity railway rate of interest rise of prices Scotland securities shareholders Sir Robert Peel's theory trade transactions value of money Walter Bagehot wealth whole