TAILIEUCHUNG - an inquiry into the nature and causes of the wealth of nations phần 6

của một đồng xu vàng, nói chung là chống lại London với Amsterdam, Hamburg, Venice, và tôi tin rằng, với tất cả các nơi khác phải trả trong những gì được gọi là tiền ngân hàng. Do không có nghĩa là sẽ làm theo, tuy nhiên, việc trao đổi thực sự là chống lại nó. | The Wealth of Nations Adam Smith of the gold coin was generally against London with Amsterdam Hamburg Venice and I believe with all other places which pay in what is called bank money. It will by no means follow however that the real exchange was against it. Since the reformation of the gold coin it has been in favour of London even with those places. The computed exchange has generally been in favour of London with Lisbon Antwerp Leghorn and if you except France I believe with most other parts of Europe that pay in common currency and it is not improbable that the real exchange was so too. Digression concerning Banks of Deposit particularly concerning that of Amsterdam 1032 1 The currency of a great state such as France or England generally con- sists almost entirely of its own coin. Should this currency therefore be at any time worn clipt or otherwise degraded below its standard value the state by a reformation of its coin can effectually re-establish its currency. But the currency of a small state such as Genoa or Hamburg can seldom consist altogether in its own coin but must be made up in a great measure of the coins of all the neighbouring states with which its inhabitants have a continual intercourse. Such a state therefore by reforming its coin will not always be able to reform its currency. If foreign bills of exchange are paid in this currency the uncertain value of any sum of what is in its own nature so uncertain must render the exchange always very much against such a state its currency being in all foreign states necessarily valued even below what it is worth. 1033 2 In order to remedy the inconvenience to which this disadvantageous exchange must have subjected their merchants such small states when they began to attend to the interest of trade have frequently enacted that foreign bills of exchange of a certain value should be paid not in common currency but by an order upon or by a transfer in the books of a certain bank established upon the

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