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To resort to return before the given out loans, and shortage of the capital becomes stillSharper. All it occurs because as a result of the primary
Obstacles for investment of means their considerable part is condemned to banks
Only for short time, but it is invested by the last in such form, which already
Cannot be realised in money immediately. from society positions as
Whole credits stand out for ever. ", "Though bank credits To separate people stand out only for some time the Theory says that, if the permission on
The establishment stood out it to number of banks, investments in authorised capital stocks
Banks would be the channel of direct investment of means of a society. These Means would be given banks already not in short-term, and in Long-term using, having reduced thereby danger of occurrence Instability with. 59. Contrary to it, Kondi Pare (Condy Raguet) adhered extremely Malevolent position concerning the American bank system Banking", "Treatise on Money and 1839. Book Pare was more the general and Theoretical research, than the book of Kejri. In it attempt has been made
To develop the uniform credit-and-monetary theory concerning the questions concerning
Suspensions of monetary payments. Pare has specified that a principle of the mutual
Corrections between trading balance and a direction of streams of a cash, to that
Time already formulated in the international trade theory, it is possible to apply
And to balance of mutual obligations of various banks of one city, or groups Banks in the different cities resulting issue activity. This mechanism could become means of deduction of issue activity of banks
Under the control. The special emphasis became on importance of immediate repayment
Banknotes poste restante and the frequent interchange by banknotes accompanied
Payment of interbank balances. Unlike Keri, Pare considered that the best The establishment of personal (unlimited) responsibility would become system
Shareholders of banks. However he doubted realness of introduction of the similar
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