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Excerpt from Fiscal and Currency Standards as the Future Measure of the Credit of NationsSome weeks ago I was requested to write an article about American and European banking methods and when I averred that at present I did not have the necessary time, it was sug gested that I revise and bring up to date an earlier essay on the topic, written by me about ten years ago. As a matter of curiosity, I re read that earlier contribution from the poi...

Excerpt from The Federal Reserve System and the BanksThe more important this market grows, the stronger will be the position of the Federal Reserve Banks, for the greater or lesser volume of purchases of such accept ances will Offer one of the Federal Reserve Banks' most efiective means of exercising a wholesome in¿uence upon the ¿uctuation of interest rates. As normal conditions are reestablished in the world, this acceptance market will beco...

Excerpt from The Federal Reserve System and the Banks The more important this market grows, the stronger will be the position of the Federal Reserve Banks, for the greater or lesser volume of purchases of such accept ances will Offer one of the Federal Reserve Banks' most efiective means of exercising a wholesome in¿uence upon the ¿uctuation of interest rates. As normal conditions are reestablished in the world, this acceptance market will be...

Excerpt from Fiscal and Currency Standards as the Future Measure of the Credit of NationsSome weeks ago I was requested to write an article about American and European banking methods and when I averred that at present I did not have the necessary time, it was sug gested that I revise and bring up to date an earlier essay on the topic, written by me about ten years ago. As a matter of curiosity, I re read that earlier contribution from the poi...