Modern History

Lombard Street: A Description of the Money Market

Written in response to a devastating banking collapse that triggered panic across Britain, the book explains international finance and banking in clear language.

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Om denne boken

"Lombard Street: A Description of the Money Market" by Walter Bagehot is a financial work published in 1873. Written in response to a devastating banking collapse that triggered panic across Britain, the book explains international finance and banking in clear language. Bagehot outlines crucial principles for how central banks should respond during credit crises, offering guidance on lending practices that would protect the financial system while preventing widespread alarm among solvent institutions.

Format: EPUB
Språk: Engelsk
Omfang: 268 sider
Utgitt: 1. januar 1873
Forlag: Litres
ISBN: 9785041728540