The New York Money Market and the Finance of Trade, 1900-1913 |
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Author:
| Goodhart, C. A. E. |
Series title: | Harvard Economic Studies |
ISBN: | 978-0-674-61950-0 |
Publication Date: | Jan 1969 |
Publisher: | Harvard University Press
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Book Format: | Hardback |
List Price: | USD $24.00 |
Book Description:
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The early 1900s U.S. saw considerable seasonal variations in the balance of trade, primarily caused by the annual agricultural cycle. This examination of the New York money market demonstrates that the frequent fluctuations in monetary conditions were caused by variations in the trade flows rather than capital movements by banks.
The early 1900s U.S. saw considerable seasonal variations in the balance of trade, primarily caused by the annual agricultural cycle. This examination of the New York money market demonstrates that the frequent fluctuations in monetary conditions were caused by variations in the trade flows rather than capital movements by banks.