Bibliograph

Respectable banking, the search for stability in London's money and credit markets since 1695, Anthony Hotson

Type

Label

Respectable banking, the search for stability in London's money and credit markets since 1695, Anthony Hotson

Language

eng

Index

index present

Literary Form

non fiction

Main title

Respectable banking

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

990183645

Responsibility statement

Anthony Hotson

Series statement

Cambridge Social Sciences eBooks

Sub title

the search for stability in London's money and credit markets since 1695

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.--, Provided by publisher

Table Of 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

Creator