MODERN FOREIGN EXCHANGE. By Hubert C. Walter. (Methuen. 5s. net.)
MODERN FOREIGN EXCHANGE. By Hubert C. Walter. (Methuen. 5s. net.)
Mr. Walter has endeavoured to make plain to the ordinary student such subjects as inflation, purchasing power parities and other post-War nightmares. This is the distinguishing feature of a book which does not neglect matters customary to works on foreign exchange. In the earlier part one is inclined to resent a little the detailed treatment of bills of exchange, documentary bills and credits, &c. It is, however, probably a good fault, as often in reading general descriptions of these instruments a student goes easily on without mastery of the facts. The book is obviously an outcome of practical experi- ence, combined with a thoughtful outlook on international affairs ; it makes short work of many current illusions, and a reader should become well equipped with up-to-date know- ledge.
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