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In terms of the U.S. savings-and-loan crisis and the Asian economic meltdown of the 1990s, Bagehot's words still ring as timely, even with the dated references to British politics of the time. For example, he proposed allowing unstable banks to collapse and advocated creating an independent finance professional to run the nation's central bank. Lombard Street, named after London's financial district and the birthplace of the money market, will be an eye opener for students and others interested in the history and workings of financial systems. --Dan Ring
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Book Description Condition: New. Seller Inventory # 20990931-n
Book Description Paperback or Softback. Condition: New. Lombard Street: A Description of the Money Market 0.65. Book. Seller Inventory # BBS-9781614275787
Book Description Condition: New. Seller Inventory # 20990931-n
Book Description Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - 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. 196 pp. Englisch. Seller Inventory # 9781614275787
Book Description Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Klappentextrnrn2014 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) remai. Seller Inventory # 4247399