The Collected Works of Walter Bagehot: The economic essaysHarvard University Press, 1978 |
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Стр. 152
... difficulty . If they are bound to pay either the less or the more valuable metal to their creditors , and they have not the former , they must use the latter . In consequence , in a country where two metals are a paying medium , those ...
... difficulty . If they are bound to pay either the less or the more valuable metal to their creditors , and they have not the former , they must use the latter . In consequence , in a country where two metals are a paying medium , those ...
Стр. 153
... difficulty when the facts with which they must deal do not correspond to that equation . Of course , as long as the Bank of France suspends specie payments it does not feel this difficulty . If we may be permitted to say so , it is on a ...
... difficulty when the facts with which they must deal do not correspond to that equation . Of course , as long as the Bank of France suspends specie payments it does not feel this difficulty . If we may be permitted to say so , it is on a ...
Стр. 162
... difficulty , for the cost which it would entail would be enormous . Even with all their resources , they would have great difficulty in getting the immense sum required in gold , and they would hardly be able to sell the silver at any ...
... difficulty , for the cost which it would entail would be enormous . Even with all their resources , they would have great difficulty in getting the immense sum required in gold , and they would hardly be able to sell the silver at any ...
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The Trade Cycle and Banking Policy 186175 | 13 |
The Duty of the Bank of The Economist | 20 |
The Causes of the Existing The Economist | 28 |
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America amount augmented bank notes Bank of England Bank of France banking reserve bills bullion capital cash cause cent cheques circulation coin coinage commercial commodities consequence considerable Crédit Mobilier debt demand demonetisation deposits depreciation of silver difficulty diminished discount doubt Economist effect English evil exchange executive government export fall fixed French gold Gurney important income tax increase India Indian government industry investments issue keep labour land Latin Union legal tender lend less liabilities limited loans Lombard Street London bankers ment metal millions monopoly national banks obtain old firm operation Overend paid panic payment persons present price of silver principle produce profit proposed railway rate of interest reserve revenue rise rupees Scotch Scotland securities shares Sir Robert Peel speculation tion trade transactions Volume whole دو