Money

Bibliographic data

Monograph

Identifikator:: 1819853969

URN:: urn:nbn:de:zbw-retromon-207464

Document type:: Monograph

Author:: Cannan, Edwin http://d-nb.info/gnd/118666916

Title:: Money

Edition:: 6. ed.

Place of publication:: [London]

Publisher:: King

Year of publication:: 1929

Scope:: XII, 120 Seiten

Digitisation:: 2022

Collection:: Economics Books

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

Document type:: Monograph

Structure type:: Contents

Collection:: Economics Books

CONTENTS PALS § 5. THE VALUE OF MONEY OR GENERAL LEVEL oF PRICES WHERE THE UNIT OF ACCOUNT is A BANK NoTE or CURRENCY NOTE . 39-63 Convertible Notes get into circulation because more sonvenient than coin . ’ . " . . Inconvertible notes are sometimes convertible notes which have lost their convertibility, but are generally documents made legal tender by law . : " Notes convertible into exportable and meltable coin tend to diminish the value of coin and of bullion . . But cannot fall below the value of the bullion into which they are convertible . . . . . {nconvertible notes may fall below face value . And so may notes convertible only into coin which may not be exported or melted . . . The depreciation is usually rapid > . . Various arguments being used in their favour . . And higher prices being absurdly supposed to show need for more currency . . . . " If no check is imposed, the end comes at last with sudden drop in the value of the notesto nil . - : 30-43 43-6 46-4 47-9 409-53 53-4 54-5 55-8 58-62 62-2 PART II. FURTHER ELUCIDATIONS § 1. TaE SuppLYy OF CURRENCY AND THE * QUAN- T1Tvy THEORY ’ . The true theory of the value of money is not identical with, but includes, the quantity theory . . . The quantity is to be taken as the stock rather than the annual output ’ . . ; : . Why does increase of quantity reduce value? . How much does increase of quantity reduce value ? . Not alwavs in equal proportion . . § 2. THE DEMAND FOR CURRENCY The demand for currency is to be taken as the demand for currency to hold, not merely to pass on in purchases Causes of variation in demand . . . . How much does an increase of demand raise value ? 64—71 64-5 65-6 667 67-9 bo~-*1 ”T—8 77-4 7 8 L-.

Access restriction

Copyright

fullscreen: Money

Monograph

Contents

Table of contents

Download

Monograph

Contents

This page

Image fragment

Citation links

Citation recommendation