International trade

Bibliographic data

Monograph

Identifikator:: 1758394757

URN:: urn:nbn:de:zbw-retromon-136209

Document type:: Monograph

Author:: Taussig, Frank William http://d-nb.info/gnd/120199459

Title:: International trade

Place of publication:: New York, NY

Publisher:: Macmillan

Year of publication:: 1927

Scope:: XXI, 425 Seiten; graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Document type:: Monograph

Structure type:: Contents

Collection:: Economics Books

X Vill CONTENTS PAGES of trade, 247. Gross terms of trade less favorable in 1890 and 1910 than in 1900, 251; net barter terms show similar trend, 252. Direction of the changes consonant with theory, 256. Contrast with the case of Canada, 257; net and gross barter terms of trade more favorable after 1900, 258. Relation of gold flows, circulating medium, and prices more complex in Great Britain than in Canada, 259. Closeness of the connection between international payments and commodity movements 1s perplexing, 260. . CHAPTER 22 TE FrANCO-GERMAN INDEMNITY oF 1871 Amount and character of the indemnity, 263. How the funds for meeting it were raised in France. How they were transferred to Germany, 265. Part played in the transfer by French foreign investments, 266. The French experience in the transfer of securities not applicable to heavy payments of a non- political character. The German government's utilization of the indemnity payments, 268. The economic effects; sustained inflow of specie; expansion of circulating medium and sharp rise in prices in Germany, 269. German part of the transaction spread over many years, and its effects difficult to unravel, 272. How does the mechanism of international payments function when there are exceptionally heavy payments to be made? 273. Adam Smith’s explanation unsatisfactory, 274; Ricardian explanation does not tell the story, 275. Explanation suggested by German experience in the 70’s, 276. A possible explanation for the Napoleonic period, 277. Importance of the time element in the processes of international payments again considered, 278. 263-278 CHAPTER 23 THE Untrep States, I. UntIL 1900 . The balance of trade before and after 1873, 280. Sudden reversal with the crisis of that year, 282. Chaotic banking and monetary systems before 1860 complicate the analysis, 284. From 1860 to 1879 the mechanism contemplated in the Ricardian theory could not operate, the case being one of trade under dis- located exchanges, 285. Even after return to the gold standard, analysis is obscured by increasing domestic gold supply; by crop alternations, 287; by silver issues, 289; by irregular move- ments of securities, 290. + 280-291

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