About This Book
The text explains how modern finance functions: roles of lenders, borrowers, banks and the bill of exchange; the operations of issuing houses, underwriting, stock exchange securities and banking balance sheets; international capital flows and their effects on trade, infrastructure and diplomacy; arguments for finance promoting global exchange and development as well as risks including speculative waste, corrupt loans, prejudice and moral responsibilities of financiers and the public; and the tensions that arise from nationalism, wartime pressures and regulatory gaps in banking and markets.
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