History of the Weksel

History of the Weksel PDF Author: Sergii Moshenskyi
Publisher: New York: Xlibris
ISBN: 1436306949
Category : Business & Economics
Languages : en
Pages : 357

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Book Description


Two Roads Diverge

Two Roads Diverge PDF Author: Christopher Hartwell
Publisher: Cambridge University Press
ISBN: 110711201X
Category : Business & Economics
Languages : en
Pages : 533

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Book Description
This book compares the economic outcomes of Poland and Ukraine by focusing on political and economic institutions.

Journey to the People's Republic of China; Review & Analysis

Journey to the People's Republic of China; Review & Analysis PDF Author: Kalman Dubov
Publisher: Kalman Dubov
ISBN:
Category : Business & Economics
Languages : en
Pages :

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Book Description
On a Holland America Grand Voyage aboard the flagship Amsterdam, I had the great fortune of visiting the ancient land of China, now known as the People's Republic of China. This visit enabled me to, for the first time, to walk part of the way of the Great Wall, visit the Old Summer Palace and see Tien An Men Square and the Forbidden City. Besides visiting the capital city, the ship also visited Shanghai and Hong Kong. China is a huge country whose history goes back millennia. The places we visited provided but a glimpse of that history and its current politics. In this volume, I review China's ancient history, with an overview of the many dynasties that made China great. For many years, China stood at the forefront of technological and scientific discovery, known today as the Four Great Discoveries - the compass, making paper, gunpowder, and printing. Each of these transformed the world, in its own way. Yet, the advancement of science and technology did not stay in China. The great conundrum today is exploring the reasons China lost its ability to stand at the helm of such advancement. I explore this issue while reviewing the complexities of how China lived, both in its dynastic and modern periods. Ancient China had civil service examinations as a method to identify the best and brightest minds and then to employ them for service to the emperor. Jinshi, the highest and most difficult examination was so complicated, the successful candidates' name was inscribed on stone, then selected to remain in Beijing in service to the emperor. Such examinations later migrated to other countries in the Far East, then to the West, where it is in common use today. China and its millennium-long history reflect an ancient people who today seek to assert their presence and power on the world stage. Prior to its current form of government, it was forced to capitulate to Western colonial powers. Revolts by the Chinese against such foreign intervention resulted in the Opium Wars, the loss of Hong Kong, and the destruction of its Old Summer Palace. I explore China's bitter past, together with its current belligerence on the world stage as it seeks to redevelop and transform itself, from the ancient Silk Road into the modern OBOR - One Belt; One Road with dramatic effect on many peoples and nations. I also noted the conundrum of seeing tall high-rise clusters of apartment buildings, structures that could house thousands of people, but stand completely empty. Passing these buildings at night was eerie; not a single light or human is visible anywhere. The claim of a surging China, at least in the places I visited, made me wonder if the building boom the media and economists claim is but a bubble, soon to evaporate in the glare of inquiry and reality. Nonetheless, this visit was dramatic in its own way, offering many varieties of the different strata of this complex society. During this visit, I explored the Jewish community, first in Shanghai, then in Hong Kong. Several Jewish passengers joined to attend the Sabbath Service at the Chabad House. We were warmly welcomed and saw a robust community in this remote part of the world. In Hong Kong, we visited several synagogues, noting the pride and activity present in these communities. I explore the history of the Jewish community in these centers, with a special interest in the Jewish ‘Ghetto’ of Shanghai where thousands of European Jews were sheltered during the Nazi’s Final Solution. They were given refuge in Shanghai, and the area they lived in is still visible by way of a museum and plaques indicating where they lived and survived the war years. The enormity of China demands a multi-volume effort to do justice to its geography and history. This is but a small contribution of this ancient land.

Central Banking before 1800

Central Banking before 1800 PDF Author: Ulrich Bindseil
Publisher: Oxford University Press
ISBN: 019258992X
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
Although central banking is today often presented as having emerged in the nineteenth or even twentieth century, it has a long and colourful history before 1800, from which important lessons for today's debates can be drawn. While the core of central banking is the issuance of money of the highest possible quality, central banks have also varied considerably in terms of what form of money they issued (deposits or banknotes), what asset mix they held (precious metals, financial claims to the government, loans to private debtors), who owned them (the public, or private shareholders), and who benefitted from their power to provide emergency loans. Central Banking Before 1800: A Rehabilitation reviews 25 central banks that operated before 1800 to provide new insights into the financial system in early modern times. Central Banking Before 1800 rehabilitates pre-1800 central banking, including the role of numerous other institutions, on the European continent. It argues that issuing central bank money is a natural monopoly, and therefore central banks were always based on public charters regulating them and giving them a unique role in a sovereign territorial entity. Many early central banks were not only based on a public charter but were also publicly owned and managed, and had well defined policy objectives. Central Banking Before 1800 reviews these objectives and the financial operations to show that many of today's controversies around central banking date back to the period 1400-1800.

British Banking

British Banking PDF Author: R. C. Michie
Publisher: Oxford University Press
ISBN: 0198727364
Category : Business & Economics
Languages : en
Pages : 347

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Book Description
The Global Financial Crisis made its first appearance in Britain towards the end of 2007 with the failure of the Northern Rock Bank. It then reached an unparalleled intensity a year later when the government was forced to intervene to prevent the collapse of Lloyds/HBOS and RBS/Natwest. Before these events the British banking system possessed a long established reputation for resilience and competence that made it one of the most admired and trusted in the world. The financial crisis of 2007/8, and the subsequent revelations about the behaviour of bankers, destroyed that reputation and drove a desire for a complete reform of the British banking system. Forgotten in this headlong rush towards radical restructuring were the reasons why the British banking system had become so admired and trusted. The aim of this book is to explain why the British banking system gained its reputation for resilience and competence, maintained it for over 100 years, and then lost it in such a rapid and spectacular fashion. To achieve that aim requires a study of the entire banking system. Banks are key components of a complex financial system continually interacting with each other, and constantly changing over time, This makes the conventional distinctions drawn between different types of banks, including those specialising in international finance, savings and loans, corporate lending, and retail deposits and borrowing, inappropriate for any long-term analysis. The distinctions between different types of banks were neither absolute nor permanent but relative and temporary. Banks were also central to both the payments system and the money market without which no modern economy could function. What this book is about is the development of the British banking system as a whole over more than three centuries. Only with such an understanding is it possible to appreciate what the British banking system achieved and then maintained from the middle of the 19th century onwards, why it was lost in such a short space of time, and what needs to be done to return it to the position it once occupied. Without such an understanding the mistakes of the recent past are destined to be repeated time and gain.

Currency Stability and a Country’s Prosperity

Currency Stability and a Country’s Prosperity PDF Author: John E. Baiden
Publisher: Xlibris Corporation
ISBN: 1664155333
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
This book is based upon the author’s study, and thesis submitted at Thomas Jefferson School of law. The intent of the study or research was to test or verify the author’s hypothesis, thus “unstable currencies equals an unstable country” by understudying currencies in top ten countries and bottom ten countries ranked in the 2016 World Prosperity Index and Fragile States Index 2016; to determine whether there is a co-relationship between stable or unstable currencies and a country’s prosperity or failure/ misery. ‘The Value of Offshore Banking to the Global Financial System’; ‘Inflation Targeting, why the value of money matters to you’, and ‘Exchange Traded Funds’ are the author’s previous books. Thanks for your patronage.

Money, Debt and Interest in Monotheistic Religions

Money, Debt and Interest in Monotheistic Religions PDF Author: Murat Ustaoğlu
Publisher: Taylor & Francis
ISBN: 1000987671
Category : Business & Economics
Languages : en
Pages : 123

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Book Description
This book offers a chronological account of the development of interest-bearing debt and how the issue of interest has been addressed throughout medieval and modern civilizations. It provides a review of the impact of these interest-bearing debt practices upon social relations and institutions, throughout the history of modern economics, observing the relative conditions of the time. The author asserts that the development of the concept of interest and debt can be traced through three historical periods. The first period covers measures from a more radical stance, as introduced by the Monotheistic religions, with the same foundations and principles at their core. The second period examines the arguments that justify interest-bearing debt and particularly how the stance of major religions has been translated into a basis of support for these transactions. And the final part offers a linear report of the development of interest-bearing debt and its disruptive impact throughout the history of economics from medieval times to the modern era. Initially, the book presents a conceptual framework of terms applicable to the discussions and then examines the consistency and reliability of the theological and philosophical arguments on the restrictions imposed upon the practice of interest and debt, including rigid prohibition. While the book is grounded in research that relies heavily on historical sources, it offers a contribution to the literature on economics as well, since the historical findings are analyzed in the context of economic terms and theories. An interdisciplinary effort, the book will attract the attention of those who have an interest in finance, economics, history, religion, and sociology.

English Trade and Adventure to Russia in the Early Modern Era

English Trade and Adventure to Russia in the Early Modern Era PDF Author: Maria Salomon Arel
Publisher: Rowman & Littlefield
ISBN: 149855024X
Category : History
Languages : en
Pages : 363

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Book Description
In English Trade and Adventure to Russia in the Early Modern Era, Maria Salomon Arel revisits Anglo-Russian trade in first half of the seventeenth century. Drawing on largely neglected Russian and English sources, she reconstructs the history of the Muscovy Company in a period of expanding opportunities for foreigners in Russia and of tightening links between regional markets across the globe. In her strongly revisionist telling, the Company successfully rebuilt in the aftermath of the devastating Time of Troubles, securing its uniquely privileged position in the Russian market at the hands of a newly installed tsar and Romanov dynasty keen to revive the country’s decimated economy through the stimulus of foreign trade. Meanwhile, on the London end of a trade clearly deemed relevant to commercial and shipping interests increasingly dependent on Russian naval stores and invested in the Russian re-export trades to and from the Mediterranean and Asia, the Company restructured its organization and finances with crucial royal support in furtherance of the ‘public good’ and early Stuart dynastic honor. As Arel documents, by the 1630s-40s, English trade to Russia was flourishing, as seen in the growing number of Muscovy Company men active all along the Moscow-Archangel route, their substantial commercial infrastructure, extensive supply networks among a broad swath of Russian merchants and traders, and prominent role in the exploitation of monopoly trades established to fill the tsar’s coffers with specie. The picture drawn by Arel overturns a traditional narrative on the Russia trade that has relegated the English to the shadows, demonstrating the tenacity and continued development of their enterprise at the intersection of English commercial expansion, Russian economic growth, and advancing globalization processes. Taking the narrative even further, the book opens up new perspectives and research directions by pointing to an incipient link between the Russian and transatlantic markets, while shifting the lens on the Anglo-Dutch relationship in the Russia trade away from the time-worn dichotomy of cutthroat competition to a more nuanced understanding of mutual cooperation and business association between merchants on the ground, even in the face of commercial and territorial competition between nations.

Conceptualizing Capitalism

Conceptualizing Capitalism PDF Author: Geoffrey M. Hodgson
Publisher: University of Chicago Press
ISBN: 022641969X
Category : Business & Economics
Languages : en
Pages : 506

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Book Description
Capitalism is the dominant economic framework in modern history, but it s unclear how it really works. Relying on the free movement and spontaneous coordination of seemingly infinitesimal market forces, its very essence is remarkably complex. Geoffrey M. Hodgson offers a more precise conceptual framework, defines the concepts involved, and illustrates that what is most important, and what has been most often overlooked, are institutions and contractsthe law. Chapter by chapter, Hodgson focuses in on how capitalism works at its very core to develop his own definitive theory of capitalism. By employing economic history and comparative analysis toward explanatory and analytical ends, Hodgson shows how capitalism is not an eternal or natural order, but indeed a relatively recent institution. If anyone were qualified to venture such a comprehensive and definitive analysis of such an important economic, legal, and social phenomenon, it is Geoffrey Hodgson. "Conceptualizing Capitalism" will significantly alter and carry forward our understanding of markets and how they work."

Money and Promises

Money and Promises PDF Author: Paolo Zannoni
Publisher: Columbia University Press
ISBN: 023156158X
Category : Business & Economics
Languages : en
Pages : 393

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Book Description
Where did modern banking come from—and how does this history help us understand financial crises? In the twelfth century, Pisa was a thriving metropolis, a powerhouse of global trade, and a city that stood at the center of medieval Europe. But Pisa had a problem: Money came in the form of coins, and they were becoming scarce. In the face of this financial and monetary crisis, the foundations of modern banking were laid. In Money and Promises, the distinguished banker, executive, and historian Paolo Zannoni examines the complex relationship between states and banks that has changed the world. Drawing on in-depth archival research, he explores seven case studies: the republic of Pisa, seventeenth-century Venice, the early years of the Bank of England, imperial Spain, the Kingdom of Naples, the nascent United States during the American Revolution, and Bolshevik Russia in 1917 through 1923. Zannoni also tells the story of how the Continental Congress established the first public bank in North America, exploring the roles of Thomas Jefferson, Benjamin Franklin, and Alexander Hamilton. Spanning many countries, political systems, and historical eras, this book shows that at the heart of these institutions is an intricate exchange of debts and promises that shaped the modern world as we know it.