The Collected Works of Walter Bagehot: The economic essaysHarvard University Press, 1978 |
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Стр. 105
... VALUE OF MONEY IS SETTLED IN LOMBARD STREET MANY persons believe that the Bank of England has some peculiar power of fixing the value of money . They see that the Bank of England varies its minimum rate of discount from time to time ...
... VALUE OF MONEY IS SETTLED IN LOMBARD STREET MANY persons believe that the Bank of England has some peculiar power of fixing the value of money . They see that the Bank of England varies its minimum rate of discount from time to time ...
Стр. 107
... value increases , the amount of the usual loan to be obtained on them increases too . In this way , therefore , any artificial reduction in the value of money causes a new augmentation of the demand for money , and thus restores that value ...
... value increases , the amount of the usual loan to be obtained on them increases too . In this way , therefore , any artificial reduction in the value of money causes a new augmentation of the demand for money , and thus restores that value ...
Стр. 108
... value of money is very low . If money were all held by the owners of it , or by banks which did not pay an interest for it , the value of money might not fall so fast . Money would , in the market phrase , be ' well held ' . The ...
... value of money is very low . If money were all held by the owners of it , or by banks which did not pay an interest for it , the value of money might not fall so fast . Money would , in the market phrase , be ' well held ' . The ...
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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