Author: Robert Baxter
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 128
Book Description
The Panic of 1866 with Its Lessons on the Currency Act
Author: Robert Baxter
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 128
Book Description
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 128
Book Description
The Crisis of 1866
Author: William Fowler
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 64
Book Description
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 64
Book Description
The Crisis of 1866
Author: Marc Flandreau
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
Book Description
The collapse of Overend Gurney and the ensuing Crisis of 1866 was a turning point in British financial history. The achievement of relative stability was due to the Bank of England's willingness to offer generous assistance to the market in a crisis, combined with an elaborate system for maintaining the quality of bills in the market. We suggest that the Bank bolstered the resilience of the money market by monitoring leverage-building by money market participants and threatening exclusion from the discount window. When the Bank refused to bailout Overend Gurney in 1866 there was panic in the market. The Bank responded by lending freely and raising the Bank rate to very high levels. The new policy was crucial in allowing for the establishment of sterling as an international currency.
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
Book Description
The collapse of Overend Gurney and the ensuing Crisis of 1866 was a turning point in British financial history. The achievement of relative stability was due to the Bank of England's willingness to offer generous assistance to the market in a crisis, combined with an elaborate system for maintaining the quality of bills in the market. We suggest that the Bank bolstered the resilience of the money market by monitoring leverage-building by money market participants and threatening exclusion from the discount window. When the Bank refused to bailout Overend Gurney in 1866 there was panic in the market. The Bank responded by lending freely and raising the Bank rate to very high levels. The new policy was crucial in allowing for the establishment of sterling as an international currency.
The Commercial Crisis of 1866: Its Cause, and Questions Affecting the Probability of Similar Recurrences, Etc
Author: James INNES (of the Queen's Arms Hotel, Cheapside.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
Book Description
Credit, and its bearing upon the Crisis of 1866
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 52
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 52
Book Description
The Crisis of 1866: a Financial Essay
Author: William Fowler (LL.B.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 56
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 56
Book Description
The Crisis of 1866
Author: Tbd
Publisher:
ISBN: 9780461499162
Category : History
Languages : en
Pages : 70
Book Description
Publisher:
ISBN: 9780461499162
Category : History
Languages : en
Pages : 70
Book Description
The Crisis of 1866
Author: William Fowler
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 56
Book Description
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 56
Book Description
“The” Crisis of 1866
Author: Will Fowler
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 0
Book Description
The Panic of 1866 with Its Lessons on the Currency Act
Author: Robert Baxter
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 120
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 120
Book Description