Stock Exchange Securities Author:Robert Giffen Giffen was among the earliest to analyze the workings of the quantity theory of money and the role of the rate of interest, especially the way "bank money" affects the level of currency. In the present work and two additional essays he clearly indicated the relationship between a banker's cash reserves and the level of deposits as well as the pa... more »rt played by the discount rate in achieveing equilibrium between the supply of gold and the level of prices. Giffen's ideas appear to have had considerable influence on Alfred Marshall.« less
ISBN-13: 9780678004234 ISBN-10: 0678004234 Pages:171 Edition:New issue of 1887 ed Rating: