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Difficulties, in their future behaviour would be introduced corrective amendments on base
The rethought estimations of variants of possibilities accessible to banks. We have the right
To expect such sequence of events provided that banks bear the full
Responsibility for the activity. One of pertinent questions - not too
Whether often this condition is undermined by various features of the concrete form
The bank organisation which have received preference in the modern world? Even
Admitting that fact that incorrect reaction of banks can be called not so much
The concrete form of the bank system, how much inherent in any system
Unresolved technical problems at balance maintenance between
Savings and investments or stabilisation of real quantity of money in
The reference, that wrong tendencies amplify is quite probable also
By means of the most selected system, especially that its part which trusts
Definition of level of the credit to the one and only imperious structure. Between this
The mutual arise structure on the one hand and the government with another
The government is the destabilising factor.
The chapter II. Development of the centralised bank system in England
That fact that depositary activity of banks preceded issue,
Possibly, does not raise the doubts. At least, it is correct for England, and also
For the first banks of Hamburg and Amsterdam. However is correct also that the bank
Activity in general has got great value only with the beginning of the issue
Activity. Readiness of people to store money and jewelry at the banker
Has immeasurably grown since that moment when they began to receive something in exchange -
For example, banknotes, originally only in the form of receipts which it is possible
Was to hand. Only after to bankers, as a result
References of banknotes, the trust of public was possible to gain, people have started to leave on
Storage in banks the large sums of money on security only the accounting
Records. Moreover, bankers had possibility to lend in some
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