Foreign Exchange: Theory and Practice (Classic Reprint)

Excerpt from Foreign Exchange: Theory and PracticeForeign exchange is attracting more attention than any other branch of finance. The interest evinced is universal and is no longer confined to bankers international traders and financial writers as was the case prior to the Great War. The general public is showing a decided disposition to acquaint itself with the dislocation of the exchanges brought about by the con?ict. Nor is this interest likely to sufi' er much abatement since normal conditions will probably not be restored in international financial relations for a number of years to come.The author's purpose in this book is to explain the operation of the exchanges between gold-standard countries under normal financial conditions. In a subsequent volume now in prepara tion he proposes to deal with the present irregular position of the exchanges and with exchange between a gold and a silver-standard country. It is quite impossible however to gain an adequate appreciation of the problem presented by the deranged condition of the exchanges unless their operation under the normal functioning of the commercial and financial machinery of the world is first thoroughly understood.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work preserving the original format whilst repairing imperfections present in the aged copy. In rare cases an imperfection in the original such as a blemish or missing page may be replicated in our edition. We do however repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Paperback: 200 pages

Publisher: Forgotten Books (February 27 2018)

Language: English

ISBN-10: 1331897521

ISBN-13: 978-1331897521

Product Dimensions: 6 x 0.4 x 9 inches

Shipping Weight: 9.8 ounces