Borrowing and business in Australia

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Monograph

Identifikator:: 183051623X

URN:: urn:nbn:de:zbw-retromon-222122

Document type:: Monograph

Author:: Wood, Gordon L. http://d-nb.info/gnd/1239193688

Title:: Borrowing and business in Australia

Place of publication:: London

Publisher:: Oxford university press, H. Milford

Year of publication:: 1930

Scope:: xv, 267 Seiten; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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

Document type:: Monograph

Structure type:: Contents

Collection:: Economics Books

CONTENTS CHAPTER XV. ANALYSIS OF THE TERMS OF TRADE BETWEEN 1914 AND 1928 . . v . . ’ 7 . 183 Mechanism of trade during and after the war—gold movements extraordinary— new trends to be discerned in Australian overseas trade~mechanism of war-time inflation—the effects of deflation. CHAPTER XVI. THE BALANCE OF INDEBTEDNESS, 1918 TO 1928 193 Changes in overseas trade further examined—the commodity balance—effect of borrowing upon imports and exports respectively—the function of imports in maintaining equilibrium—restrictive effect of borrowing upon exports—changes in direction of trade—effect of borrowing upon proportions of capital and consump- tion imports—freight, insurance and tourist expenditures—overseas interest pay- ments—capital imports compared with the difference between international debits and credits. CHAPTER XVII. ECONOMIC EFFECTS OF THE RETURN TO GOLD IN 1925 ’ . . . 214 The situation at the moment of the decision to return to gold—reactions upon business in Australia—the steps in the return—deflation disguised—untoward factors in the Australian situation—tests of adverse reactions applied—the rationing of loans in Britain and the Australian response. CHAPTER XVIII. ECONOMIC EFFECTS OF CONTINUOUS BORROW- ING * . . . . 225 Arguments in justification of extensive governmental borrowing programmes—the real tests of effective application of capital—the effects of unrestricted loans upon living standards and national ways of thought—the essential weakness of the loan situation found in credit control—measurement of effectiveness in capital invest- ment. CHAPTER XIX. THE IMMEDIATE FUTURE IN RELATION TO CAPITAL REQUIREMENTS ” . . 241 Shortage of capital supplies after the war—probable economic effects of a stoppage of loans—the impact on living standards—necessity for expanding exports—the position of primary and secondary industries when capital imports cease—reversal of all the functions of the borrowing cycle—Britain’s diminished capacity to lend— possible amelioration through increase of population—disharmony between tariff and borrowing policies—the financial policy of the future—the inevitable necessity for repayment—need for scientific control of borrowing—conclusion. APPENDIX 7 . . BIBLIOGRAPHY INDEX . 3710

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