The Collected Works of Walter Bagehot: The economic essaysHarvard University Press, 1978 |
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Стр. 116
... securities , subject to the necessity of depositing securities ; do you think that those bankers would have any ground which could be recognised of objection to such a proposal , if it should be thought nationally desirable ? It does ...
... securities , subject to the necessity of depositing securities ; do you think that those bankers would have any ground which could be recognised of objection to such a proposal , if it should be thought nationally desirable ? It does ...
Стр. 120
... securities must be payable on demand ? -Certainly . 8009. Then the bank must take the precaution to hold a sufficient number of Bank of England notes or sovereigns to protect its notes , in addition to the securities which it would have ...
... securities must be payable on demand ? -Certainly . 8009. Then the bank must take the precaution to hold a sufficient number of Bank of England notes or sovereigns to protect its notes , in addition to the securities which it would have ...
Стр. 124
... securities as its ordinary reserve , because , in case of panic , you cannot always get money for your securities . Would not the same argument apply to the issue ? Of course a bank must pay its own notes on demand , and its deposits on ...
... securities as its ordinary reserve , because , in case of panic , you cannot always get money for your securities . Would not the same argument apply to the issue ? Of course a bank must pay its own notes on demand , and its deposits on ...
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Late Monetary Articles 186676 Closely Related | 9 |
One Banking Reserve or The Economist | 18 |
Will the Money Market Take The Economist | 27 |
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abstract Adam Smith advantage amount augment Bagehot Bank of England Bank of France bankers banking department banking reserve bill brokers capital capitalist causes cent circulation civilisation classes coin coinage commerce common cost of production course currency deal demand deposits difficulty discount doctrine doubt Economist effect employed employment English political economy equal exchange existing fact France French fund give gold idea important increase industry interest issue James Mill kind labour land legal tender less liabilities Lombard Street London matter means ment Mill mind money market monopoly nations nature never notes panic peculiar persons population practical present principle produce profit quantity reason Ricardo Scotch banks Scotland securities seignorage society sovereign suppose theory things tion trade Treasury bills wages Walter Bagehot wealth Wealth of Nations whole writing