Lombard Street

A Description of the Money Market

By:

Walter Bagehot

Format:

Paperback

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Description

2014 Reprint of 1962 Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. With an introduction by Frank C. Genovese. "Lombard Street: A Description of the Money Market" (1873) remains to this day an influential book in the field of economics and trade. Bagehot was one of the first writers to describe and explain the world of international and corporate finance, banking, and money in understandable language. Lombard Street is known for its analysis of the Bank of England's response to the Overend-Gurney crisis. Bagehot's advice for the lender of last resort during a credit crunch ("Bagehot's dictum") is often summarized as follows: 1. Lend freely. 2. At a high rate of interest. 3. On good banking securities.

Release date Australia

February 17th, 2014

Author

Walter Bagehot

Audience

General (US: Trade)

Country of Publication

United States

Illustrations

black & white illustrations

Imprint

Martino Fine Books

Pages

196

Publisher

Martino Fine Books

Dimensions

152x229x11

ISBN-13

9781614275787

Product ID

22204421

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