Focusing on the questions (a) of how well fluctuating exchange rates are working and on the related issue (b) of what sort of guidelines should be established to regulate central bank intervention in exchange markets is particularly appropriate now for a number of reasons. First, despite the float, the dollar continues to slip in exchange...
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PREFACE Since the World War 1914-1918 a greater interest generally has been created in Foreign Monies and Exchange, and from questions which have been put to the publishers in the course of business it appears that a book such as this is needed. It is not our intention to publish a Text-book on this subject,...
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PREFACE The practice of most writers on Foreign Exchange is to treat their subject as a phase of the banking problem, emphasizing the bankers’ methods of handling foreign bills of exchange, and giving but minor stress to the relations of the business man with the exchange markets. It is the opinion of the present writer...
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