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Banking And Finance

THE PRINCIPLES OF MONEY AND BANKING

WHEN the writing of this book was begun there were only two standard works in English dealing msaystitce-ally with the subject of money and banking " the work of General Walker on Money, and that of Mr. Jevons on Money and the Mechanism of Exchange. That both were of a high order of merit is attested by the fact that they have survived the changes of more than a generation since they were written.
Both General Walker and Mr. Jevons differed from many modern economists on the two important subjects of bimetallism and the principle of a banking currency.
The chief justification, however, for a new work on the subject of money and banking is not afforded so much by this difference of opinion as by the progress which has taken place in monetary and banking science since their time. Many problems which a generation ago appeared obscure have been solved by the progress of events.
Systems of currency have been successfully put in otipeonrawhichhad not then been subjected to the test of experience. It is one of the objects of this work to record the progress thus made.
Among the important events which have marked the monetary history of the past generation has been the steady progress towards the gold standard in commercial countries, until to-day other systems have practically been superseded or abandoned in favor of some form of money based upon gold. Among the steps which have been taken to bring about this result are several in which the writer himself has had a share, for the Philippines,for Mexico, and for the Republic of Panama.

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London : FORGOTTEN BOOK PRESS.,
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1-459
Language
English
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NONE
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THE PRINCIPLES OF MONEY AND BANKING
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