The Archive · 1939

Unstable Currencies

Finally, we arrive at the post-war period, which can be divided into two sections: 1918 to 1930, and the time thereafter. Needless' to emphasize, immediately after the end of the World War the problems created by the depreciation of bank-notes caused new views and fresh conclusions. Foremost amongst these problems were the rate of exchange of uuaslable currencies and the eorreetive mechanism of disturbance in balances. of international payments. Originally the discussion of the Tate of exchange of unstable currencies centred on the problem of the initiat=

This an aco 0 yooing New encom Wy 0 zone fee rae nee poor an effort towards understand:

Miss Hye in site of her appalling style, does succeed in giving a vivid Picture of war-time China and in Showing that the situation out here isan Intrinsle part of the problems fating the world today. She seems to have. turned up in China more or Tess by chance, and her first impressions, ike those of all new-comers to this country, are fragmentary and confused. She'also drags in a good

Text read from the printed page and cleaned; old type leaves the occasional error.

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