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Lombard Street: A Description of the Money Market, with "The Currency Monopoly" download epub

by Walter Bagehot


Epub Book: 1867 kb. | Fb2 Book: 1212 kb.

Встречается в книгах (85) с 1855 по 2006. Стр. 79 - The currency of a great State, such as France or England, generally consists almost entirely of its own coin.

The English precursor to Wall Street, London's Lombard Street is the original district of finance and the birthplace of the money market. Fast-paced and highly-charged, it is a hotbed of financial activity whose impact is felt not just nationally, but globally. The chef d'oeuvre of Walter Bagehot, Lombard Street began as a series of articles the esteemed essayist and finan The English precursor to Wall Street, London's Lombard Street is the original district of finance and the birthplace of the money market.

Home Browse Books Book details, Lombard Street: A Description of the Money Market. Lombard Street began as a series of articles the esteemed essayist and financial advisor, Walter Bagehot had written for The Economist during the 1850s

Home Browse Books Book details, Lombard Street: A Description of the Money Market. Lombard Street: A Description of the Money Market. Lombard Street began as a series of articles the esteemed essayist and financial advisor, Walter Bagehot had written for The Economist during the 1850s.

The holders of the cash reserve must be ready not only to keep it for their own liabilities, but to advance it most freely . by every possible means consistent with the safety of the Bank, and we were not on some occasions over-nice.

The holders of the cash reserve must be ready not only to keep it for their own liabilities, but to advance it most freely for the liabilities of others. Seeing the dreadful state in which the public were, we rendered every assistance in our power. After a day or two of this treatment, the entire panic subsided, and the 'City' was quite calm. 41 A panic, in a word, is a species of neuralgia, and according to the rules of science you mus. .1 I. 2 The problem of managing a panic must not be thought of as mainly a 'banking' problem. It is primarily a mercantile one.

When Walter Bagehot wrote Lombard Street: A Description of the Money Market, in 1873, he did the .

Book digitized by Google from the library of the University of Michigan and uploaded to the Internet Archive by user tpb.

K. Paul, Trench, Trübner. ark:/13960/t46q20p0q.

People store their money in a caisse at their houses. Steady savings, which are waiting for investment, and which are sure not to be soon wanted, may be lodged with bankers; but the common floating cash of the community is kept by the community themselves at home. They prefer to keep it so, and it would not answer a banker's purpose to make expensive arrangements for keeping it otherwise. Adam Smith describes it so admirably that it would be stupid not to quote his words:-'The currency of a great state, such as France or England, generally consists almost entirely of its own coin.

Why lombard street is often very dull. 160. The government of the bank of england. There was a Tapestry Company, which would soon furnish pretty hangings for all the parlours of the middle class, and for all the bedchambers of the higher. Встречается в книгах (56) с 1855 по 1986.

Lombard Street is a key historical text on central banking, written by Walter Bagehot (to whom The Economist's Bagehot column on UK current affairs gets its name) in 1873.

I venture to call this Essay 'Lombard Street,' and not the 'Money Market,' or any such phrase, because I wish .

I venture to call this Essay 'Lombard Street,' and not the 'Money Market,' or any such phrase, because I wish to deal, and to show that I mean to deal, with concrete realities. A notion prevails that the Money Market is something so impalpable that it can only be spoken of in very abstract words, and that therefore books on it must always be exceedingly difficult. But I maintain that the Money Market is as concrete and real as anything else; that it can be described in as plain words; that it is the writer's fault if what he says is not clear. In one respect, however,.

Book by Bagehot, Walter
Lombard Street: A Description of the Money Market, with "The Currency Monopoly" download epub
Economics
Author: Walter Bagehot
ISBN: 0879912529
Category: Business & Money
Subcategory: Economics
Language: English
Publisher: Orion Editions (March 1, 1991)
Pages: 216 pages