Lombard Street

A Description of the Money Market

Business & Finance, Business Reference, Business Writing, Finance & Investing, Corporate Finance, Banks & Banking
Cover of the book Lombard Street by Walter Bagehot, Open Road Media
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Author: Walter Bagehot ISBN: 9781504017299
Publisher: Open Road Media Publication: June 30, 2015
Imprint: Open Road Media Language: English
Author: Walter Bagehot
ISBN: 9781504017299
Publisher: Open Road Media
Publication: June 30, 2015
Imprint: Open Road Media
Language: English

Financial observer and journalist Walter Bagehot sheds light on the world of banking in his influential tract

Written in response to a nineteenth-century banking crisis in England, Walter Bagehot’s influential treatise was one of the first to clearly explain complex financial systems like international banking, currency, and corporate finance in clear and easy-to-understand language. Credit, Bagehot suggests, is based primarily on trust. When the banks lose the public’s trust, the entire system can collapse.
 
In Lombard Street, Bagehot—who was the editor in chief of the Economist—sets forth a series of proposals for the strengthening and survival of struggling financial institutions, such as allowing irresponsible banks to collapse and creating strong central banks to combat inflation. His insights are as relevant in today’s economic climate as they were when the book was first published in 1873.
 
This ebook has been professionally proofread to ensure accuracy and readability on all devices.
 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Financial observer and journalist Walter Bagehot sheds light on the world of banking in his influential tract

Written in response to a nineteenth-century banking crisis in England, Walter Bagehot’s influential treatise was one of the first to clearly explain complex financial systems like international banking, currency, and corporate finance in clear and easy-to-understand language. Credit, Bagehot suggests, is based primarily on trust. When the banks lose the public’s trust, the entire system can collapse.
 
In Lombard Street, Bagehot—who was the editor in chief of the Economist—sets forth a series of proposals for the strengthening and survival of struggling financial institutions, such as allowing irresponsible banks to collapse and creating strong central banks to combat inflation. His insights are as relevant in today’s economic climate as they were when the book was first published in 1873.
 
This ebook has been professionally proofread to ensure accuracy and readability on all devices.
 

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