Foreign Exchange (Classic Reprint) - Couverture souple

Whitaker, Albert Conser

Couverture souple

ISBN 10 : 1451001525 ISBN 13 : 9781451001525

Editeur : Forgotten Books, 2018

Synopsis

Explore how money moves international trade. This book explains exchange rates, bills of exchange, and bank credit in clear terms, showing how global commerce is financed.

From the mechanics of trade bills to the role of banks in settling cross-border payments, the work lays out the practical tools and ideas that keep international commerce flowing. It examines how different currencies interact, how discounts are determined, and how new patterns of finance can shift the balance of power between centers like London and New York. The writing illuminates the streetside realities of exchange dealings while tying them to broader economic forces.

• How bills of exchange and bank credit support international shipments
• How exchange rates influence pricing, payment timing, and settlement
• The role of colonial clauses, discounts, and documentary requirements in trade finance
• Comparisons between major money centers and the evolution of trade financing

Ideal for readers seeking a practical, historical look at how money and credit underpin global commerce.

A propos du livre

Présentation de l'éditeur

This book deals, not with the subject of international trade in its entirety, but with the plans of payment and the methods of banking and financing followed in that trade. It treats of foreign exchange in the narrower, and at the same time, conventional, sense, as meaning the commercial paper of international trade, or the checks, drafts, and bills utilized therein. By means of these instruments, importers and exporters manage, through the aid of the bankers for foreign commerce, not only to settle their accounts, that is, to make and collect payments, but also to finance their shipments, which is something quite distinct. Stated briefly, the subjects of study in this volume are the methods or proceedings and the forms or documents of foreign-trade settlement, banking, and financing. Belonging with these, the international movement of gold and the measures taken to influence it are examined at length. The contemporary expansion of American foreign trade and the entry of American banks into the foreign field adds much to the importance of these matters with us to-day. It is hoped the book will prove useful, not only to those following foreign trade and banking as business callings, but to all students of the questions of national policy that arise out of foreign commerce. In its endeavor to serve the former, the volume presents itself as a practical business manual, while to the latter it comes as a treatise in economics. The union of these two has not appeared in the end to be detrimental to either.
(Typographical errors above are due to OCR software and don't occur in the book.)

About the Publisher

Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.

Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attentio

Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1451001525
• ISBN 13: 9781451001525
• Reliure: Broché
• Nombre de pages: 665
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