Lombard Street: A Description of the Money Market

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Cosimo, Inc., 01.12.2007 - 404 Seiten
Much of what we consider modern economics is the work of British journalist and economist Walter Bagehot, one of the first editors of the influential newspaper The Economist and an early proponent of business cycles. Here, he develops his theory of central banking, much of which continues to impact financial thinking today. First published in 1873, this replica of the updated 1910 edition explores the history of London's Lombard Street, from how it came to be the traditional home of banks and moneylenders to how the value of money was determined by the institutions there. Joint stocks, private banking, and the regulation of the banking reserve: Bagehot's discussion of these fundamental economic issues makes this a vital resource for anyone wishing to understand financial history. WALTER BAGEHOT (1826-1877) also wrote The English Constitution (1867), Physics and Politics (1872), and The Postulates of English Political Economy (1885), among other works.
 

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Inhalt

CHAP
1
A GENERAL VIEW OF LOMBARD STREET
21
HOW LOMBARD STREET CAME TO EXIST AND WHY
77
IV THE POSITION OF THE CHANCELLOR OF THE EXCHE
103
THE MODE IN WHICH THE VALUE OF MONEY
115
WHY LOMBARD STREET IS OFTEN VERY DUll
124
VII A MORE EXACT ACCOUNT OF THE MODE IN WHICH
162
THE GOVERNMENT OF THE BANK OF ENGLAND
210
THE JOINT STOCK BANKS
245
THE PRINCIPLES WHICH SHOULD
303
CONCLUSION
331
APPENDIX I
337
YEARS BETWEEN 1764 AND 1864
365
Urheberrecht

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Seite 4 - Street is to say that it is by far the greatest combination of economical power and economical delicacy that the world has ever seen.
Seite 11 - English commerce is the secret of its life ; for it contains the " propensity to variation," which, in the social as in the animal kingdom, is the principle of progress.

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