Free and Discounted Ebooks
Join 130,000 readers! Get our ebook deals straight to your inbox.

Elements of Foreign Exchange

A Foreign Exchange Primer

Cover image for


Author: Franklin Escher
Published: 1910
Language: English
Wordcount: 33,317 / 104 pg
Flesch-Kincaid Reading Ease: 56.4
LoC Category: HG
Downloads: 804
Added to site: 2009.07.11 24673
Genre: Politics

reation of very large amounts of foreign exchange. As the financial relationships between our bankers and those of the Old World have been developed, it has come about that European money is being put out in this market in increasing volume. Conditions of money, discount, and exchange are constantly being watched for the opportunity to make loans on favorable terms, and the aggregate of foreign money loaned out here at times reaches very large figures. In 1901 Europe had big amounts of money outstanding in the New York market, and again in 1906 very large sums of English and French capital were temporarily placed at our disposal. But in the summer of 1909 all records were surpassed, American borrowings in London and Paris footing up to at least half a billion dollars. Such loans, running only a couple of months on the average and then being sometimes paid off, but more often shifted about or renewed, give rise to the drawing of immense amounts of foreign exchange.

4. Drawing of so-called "finance-bills



Join 120,000+ fellow readers! Get Free eBooks and book bargains from ManyBooks in your inbox. 

We respect your email privacy

login | register

User ID


reset password

Author of the Day

Bill Carson
Bill Carson creates riveting crime novels that leave readers thinking about life. His first book in the Detective Nick Harland series, Necessary Evils, is no exception, looking at how people handle love, loss, lust, greed and many more. As our author of the day, Carson talks to us about his writing habits, who Detective Nick Harland really is and why John Kane does such horrible things.
Read full interview...