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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... "
Stabilization: Hearings Before the Committee on Banking and Currency, House ... - Page 119
by United States. Congress. House. Committee on Banking and Currency - 1927 - 1144 pages
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volume 28

Economics - 1918 - 500 pages
...conditions necessary to the maintenance of an effective gold standard should be restored without delay. Unless the machinery which long experience has shown...of a progressive credit expansion which will result in a foreign drain of gold menacing the convertibility of our note issue and so jeopardising the international...
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Annals of the American Academy of Political and Social Science, Volume 82

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,...
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Annals of the American Academy of Political and Social Science, Volumes 81-82

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,...
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The Functions of Money: A Handbook Dealing with the Subject in Its Practical ...

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...
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British Finance During and After the War, 1914-21: Being the Result of ...

Alfred Herbert Gibson - Debts, Public - 1921 - 528 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 gr~ ve danger of a credit expansion in this country and a foreign drain of gold which might jeopardize...
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Reciprocity, Bi-metallism, and Land-tenure Reform

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...
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War and National Finance

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...
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Stabilization: Hearings Before the Committee on Banking and Currency House ...

United States. Congress. House. Committee on Banking and Currency - Currency question - 1927 - 1174 pages
...conditions necessary to the maintenance of an effective gold standard should be restored without delay. Unless the machinery which long experience has shown...of a progressive credit expansion which will result In a foreign drain of gold menacing the convertibility of our note issue and so jeopardizing the international...
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Stable Money: A History of the Movement

Irving Fisher, Hans R. L. Cohrssen - Currency question - 1934 - 476 pages
...conditions necessary to the maintenance of an effective gold standard should be restored without delay. Unless the machinery which long experience has shown...of a progressive credit expansion which will result in a foreign drain of gold, menacing the convertibility of our note issue and so jeopardizing the international...
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British Monetary Policy 1924-1931: The Norman Conquest of $4.86

D. E. Moggridge - History - 1972 - 322 pages
...effective gold standard should be restored without delay. Unless the machinery which long experience l1as shown to be the only effective remedy for an adverse...credit is once more brought into play, there will be a grave danger of a progressive credit expansion which will result in a foreign drain of gold menacing...
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