PDF⋙ Elements of Foreign Exchange: A Foreign Exchange Primer, by Franklin Escher
Elements of Foreign Exchange: A Foreign Exchange Primer, by Franklin Escher Elements of Foreign Exchange: A Foreign Exchange Primer, by Franklin Escher PDF, ePub eBook D0wnl0ad This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ...etc., will now be taken up. To begin at the very beginning, consider how favorable a field is the American market for the employment of Europe's spare banking capital. Almost invariably loaning rates in New York are higher than they are in London or Paris. This is due, perhaps, to the fact that industry here runs on at a much faster pace than in England or France, or it may be due to the fact that we are a newer country, that there is no such accumulated fund of capital here as there is abroad. Such a hypothesis for our own higher interest rates would seem to be supported by the fact that in...