Borrowing and business in Australia

Bibliographic data

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.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part III. The boom of 1890 and its economic consequences

Collection:: Economics Books

76 IMPORTATION OF CAPITAL INTO borrowing country mainly as commodity imports, we should expect some correlation to be observable between the ratio of sxports to imports and the new capital introduced. Unfortu- nately it has not been possible to estimate with sufficient accuracy the amount of private capital arriving each year; . PER. CENT). E870 ON IPO; 140 ver “ndNS E101 0 100 CENTAGE EXPORTS 70 IMPORTS] 3 ANE 14770 PER CENT 34 30 "0 RESERVES TO DEPOSITS pi —— i Eom — ao 25 2} 1890 Fie. IV. NEW ZEALAND. BORROWINGS, BALANCE OF TRADE AND BANK RESERVES, 1872-91 Smoothed 5-year moving-average curves shown heavy but, accepting the public borrowings alone as an index, the correlation to be noted between the moving-average curves in the graph is well-nigh perfect. Interpolating a lag for a year in the arrival of imports due to loans, the annual plottings move consistently in opposite directions, i.e. exports increase as new capital declines, and vice versa. Again, if the capital borrowings do serve as a basis of credit expansion, the demand for accom- modation should show itself, if any degree of inflation exists,

Access restriction

Copyright

fullscreen: Borrowing and business in Australia

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation