Currency And Credit (1919) - Hardcover

Currency and Credit is a book written by Ralph George Hawtrey in 1919. It is a comprehensive analysis of the monetary system and the role of credit in the economy. The author discusses the principles of currency and credit, their functions, and their interdependence. He examines the impact of credit on economic growth and stability, and the role of central banks in regulating the supply of money and credit.Hawtrey argues that the stability of the monetary system is crucial for economic growth and prosperity. He advocates for a flexible monetary system that can adapt to changing economic conditions, and emphasizes the importance of maintaining a balance between the supply of money and credit.The book is divided into four parts. The first part provides an overview of the monetary system, including the functions of money, the history of currency, and the principles of credit. The second part examines the role of credit in economic growth and stability, including the impact of credit on investment, production, and consumption.The third part discusses the role of central banks in regulating the supply of money and credit, including the principles of monetary policy and the tools used by central banks to manage the money supply. The final part examines the impact of monetary policy on economic growth and stability, including the effects of inflation, deflation, and recessions.Overall, Currency and Credit is a comprehensive analysis of the monetary system and the role of credit in the economy. It provides a valuable resource for economists, policymakers, and anyone interested in understanding the workings of the financial system.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.