 | Political science - 1919 - 402 pages
...concentration and strengthening of the gold reserve; And, furthermore, the bringing into effect of the " machinery, which long experience has shown to...adverse balance of trade and an undue growth of credit." This machinery is defined as "the raising and making effective of the Bank of England's discount rate,... | |
 | Political science - 1919 - 646 pages
...concentration and strengthening of the gold reserve; And, furthermore, the bringing into effect of the "machinery, which long experience has shown to...adverse balance of trade and an undue growth of credit." This machinery is defined as "the raising and making effective of the Bank of England's discount rate,... | |
 | William Frederick Spalding - Currency question - 1921 - 208 pages
...possible indefinitely to continue to support the exchanges with foreign countries by borrowing abroad. Unless the machinery which long experience has shown...credit is once more brought into play, there will be very grave danger of a credit expansion in this country and a foreign drain of gold which might jeopardize... | |
 | Alexander Johnstone Wilson - Bimetallism - 1921 - 308 pages
...possible indefinitely to continue to support the exchanges with foreign countries by borrowing abroad. Unless the machinery which long experience has shown...credit is once more brought into play, there will be very grave danger of a credit expansion in this country and a foreign drain of gold which might jeopardize... | |
 | Robert Henry Brand - England - 1921 - 308 pages
...possible indefinitely to continue to support the exchanges with foreign countries by borrowing abroad. Unless the machinery which long experience has shown...credit is once more brought into play, there will be very grave danger of a credit expansion in this country and a foreign drain of gold which might jeopardize... | |
 | Alfred Herbert Gibson - Debts, Public - 1921 - 528 pages
...recognizing the cumulative evils of inflation of credit and currency, the Committee proclaimed it was imperative that after the war the conditions necessary...effective gold standard should be restored without delay. With 1 For copy of Report, sec Appendix X. this object in view, they recommended the cessation of Government... | |
 | Ruth M. Jaeger - Currency question - 1922 - 182 pages
...about eight billion in gold specie in the world.59 M Cassel, op. tit., p. 34. *7 It is imperative that the conditions necessary to the maintenance of an...credit is once more brought into play, there will be very grave danger of a credit expansion in this country and a foreign drain of gold which might jeopardise... | |
 | ANZAAS. - Australia - 1926 - 830 pages
...the gold standard, though not necessarily to circulation of gold, as the main aim of monetary policy. "In our opinion, it is imperative that after the war the conditions necessary to tho maintenance of an effective gold standard should lie restored without delay.1' To this end the... | |
 | United States. Congress. House. Committee on Banking and Currency - Currency Question - 1927 - 1184 pages
...been both an Inevitable conséquence and a necessary condition of this growth of credit. (Pars. 8 to 1 In our opinion It Is imperative that after the war...effective gold standard should be restored without Unless the machinery which long experience has shown to be the only effective remedy for an adverse... | |
 | Irving Fisher, Hans R. L. Cohrssen - Currency question - 1934 - 476 pages
...standard: "It will be remembered that the [Cunliffe] Committee suggested that it was imperative that the conditions necessary to the maintenance of an...effective gold standard should be restored without delay, and advocated as a means to this end the adoption of a policy which in its operation involved monetary... | |
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Unless the machinery which long experience has shown to be the only effective remedy for an adverse balance of trade and an undue growth of credit... 
