Category: Economics

Elements of Foreign Exchange: A Foreign Exchange Primer

An intimate description of: Selling demand bills against remittances of demand bills--Selling cables against remittances of demand bills--Selling demand drafts against remittances of "long" exchange--The operation of lending foreign money here--The drawing of finance bills--Ar...

Chapters

15. Chapter 15

Complete description of the various forms of activity of the foreign exchange department of an important firm would fill a large volume, but there are certain stock operations i...

16. Chapter 16

Gold exports and imports, while not constituting any great part of the activity of the average foreign department, are nevertheless a factor of vital importance in determining t...

12. Chapter 12

Granted that the obligations to each other of any two given countries foot up to the same amount, it is evident that the rate of exchange will remain exactly at the gold par--th...

18. Chapter 18

Interesting as the movement of gold and the international money markets may be, it is in its application to the every-day importing and exporting of merchandise that foreign exc...

10. Chapter 10

Underlying the whole business of foreign exchange is the way in which obligations between creditors in one country and debtors in another have come to be settled--by having the...

13. Chapter 13

Before taking up the question of the activities of the foreign exchange department and the question of how bankers make money dealing in exchange, it may be well to fix in mind...

17. Chapter 17

On account of the huge fixed investment of foreign money in the United States, on account of Europe's continuous speculative interest in our markets, and the activity of the "ar...

14. Chapter 14

The foreign exchange market is in every sense "open"--anyone with bills to buy or sell and whose credit is all right can enter it and do business on a par with anyone else. Ther...

11. Chapter 11

3. The necessity of remitting abroad the interest and dividends on the huge sums of foreign capital invested here, and the money which foreigners domiciled in this country are c...

9. Chapter 9

"Where can I find a little book from which I can get a clear idea of how foreign exchange works, without going too deeply into it?"--that question, put to the author dozens of t...

7. Chapter 7

The primary movement of gold from the mines to the markets, and its subsequent distribution along the lines of favorable exchange rates. Description (with presentation of actual...

6. Chapter 6

An intimate description of: Selling demand bills against remittances of demand bills--Selling cables against remittances of demand bills--Selling demand drafts against remittanc...

8. Chapter 8

Europe's "fixed" and "floating" investment in American bonds and stocks a constant source of international security trading. Consequent foreign exchange business. Financing fore...

1. Chapter 1

5. Chapter 5

3. Chapter 3

2. Chapter 2

4. Chapter 4