Lawrence merton jacobs (7 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book offers a fascinating look at the world of finance and banking in the early 20th century, focusing specifically on the crucial role of bank acceptances in the American economy. The author delves into the fundamental differences between European and American banking practices, revealing how the lack of a robust discount market in the United States hindered its economic growth and development. The book explores the historical context of this issue, examining how the national bank act, in its attempt to regulate the banking industry, unintentionally created an environment where American businesses were at a disadvantage compared to their European counterparts. The author argues that the prohibition of bank acceptances led to a reliance on promissory notes, which lacked the uniformity and security of time bills of exchange prevalent in Europe. This, in turn, prevented the emergence of a thriving public discount market in New York City, which would have provided a mechanism for banks to invest their surplus funds and facilitate the flow of capital both domestically and internationally. The author's analysis goes beyond a simple comparison of banking systems, delving into the broader economic implications of this restriction. He argues that the absence of bank acceptances limited the ability of American importers to secure favorable financing terms, putting them at a competitive disadvantage in international trade. Similarly, American exporters faced difficulties in billing their goods in U.S. dollars, making them vulnerable to currency fluctuations and hindering their ability to compete effectively with their British counterparts. The book concludes by emphasizing the need for a national discount market in the United States to enable a more efficient and stable financial system, one that supports the growth of domestic and international trade. The author's insightful analysis, rooted in the historical context of early 20th-century finance, provides a compelling argument for the crucial role of bank acceptances in a thriving economy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…

Paperback. Condizione: New. Print on Demand. This book explores the intricacies of foreign exchange, a subject the author argues is accessible to anyone with basic arithmetic skills. The author discusses the history and evolution of foreign exchange and its importance in international trade. It unravels some of the mystery surrounding foreign exchange to reveal that, at its core, it is about understanding short-dated securities, bank paper, and commercial paper. With a keen eye for the geopolitical stage, the author compellingly argues that the US must develop its foreign exchange capabilities to remain economically competitive in a constantly globalizing world. This book is a valuable resource for those seeking to gain a comprehensive understanding of foreign exchange, its practical applications, and its profound implications for international trade and finance. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…

Hardcover. Condizione: Poor. Heavy wear to the leather binding, poor condition. The boards are detached. The pages have some discoloring, some staining. Quantity Available: 1. Category: Economics; Inventory No: 191260.