Lombard Street: A Description of the Money Market (Paperback) (ISBN-13: 9781614275787)

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.

Author: Walter Bagehot
ISBN-10: 1614275785
ISBN-13: 9781614275787
Publisher: Martino Fine Books
Language: English
Published: 02/17/2014
Pages: 196
Format: Paperback
Weight: 0.65lbs
Size: 9.00h x 6.00w x 0.45d