Lombard Street: A Description of the Money MarketCosimo, 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. |
Inhalt
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 |
365 | |
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Häufige Begriffe und Wortgruppen
31 December able advances alarm amount augment Bagehot balances Bank directors bank notes Bank of England Bank of France Banking Department banking reserve bill brokers borrow bullion cash reserve cause cent cheque circulation coin commercial common companies consequence currency dangerous dealers debts December demand deposit banking difficulty discount dividend doubt duty effect English foreign German Government gold greater important increase industry joint stock banks keep legal tender lend lent less liabilities loanable capital loans Lombard Street London and Westminster London bankers Lord Overstone manager ment mercantile merchants Money Market natural never note issue opinion ordinary Overend paid panic payments period permanent persons present principle private banks probably profit proportion rate of interest rise of prices ruin savings securities single bank sums system of banking tion trade transactions value of money Westminster Bank whole
Beliebte Passagen
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.