- Bib ID:
- 7423939
- Format:
- Book
- Author:
- Hotson, Anthony, author
- Description:
-
- Cambridge, United Kingdom : Cambridge University Press, 2017
- xxvii, 279 pages ; 24 cm
- ISBN:
-
- 9781107198586 (hardback)
- 1107198585 (hardback)
- Summary:
-
"The financial collapse of 2007-8 has questioned our assumptions about the underlying basis for stability in the financial system, and Anthony Hotson here offers an important reassessment of the development of London's money and credit markets since the great currency crisis of 1695. He shows how this period has seen a series of intermittent financial crises interspersed with successive attempts to find ways and means of stabilizing the system. He emphasises, in particular, the importance of various principles of sound banking practice, developed in the late nineteenth century, that helped to stabilize London's money and credit markets. He shows how these principles informed a range of market practices that limited aggressive forms of funding, and discouraged speculative lending. A tendency to downplay the importance of these regulatory practices encouraged a degree of complacency about their removal, with consequences right through to the present day"--
- Full contents:
- Machine generated contents note: 1. Introduction; 2. Principles and practice; 3. Minted currency and the bullion market; 4. Credit markets and clearing banks; 5. Liability management redux; 6. Bankers against speculation; 7. History and policy.
- Notes:
- Includes bibliographical references and index.
- Subject:
-
- Copyright:
-
In Copyright
You may copy under some circumstances, for example you may copy a portion for research or study.
Order a copy through Copies Direct to the extent allowed under fair dealing.
Contact us for further information about copying.
Copyright status was determined using the following information:
- Material type:
- Literary Dramatic Musical
- Published status:
- Published
- Publication date:
- 2017
Copyright status may not be correct if data in the record is incomplete or inaccurate.
Other access conditions may also apply. For more information please see:
Copyright in library collections.
Request this item
Request this item to view in the Library’s reading room.