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Lombard Street: A Description of the Money Market by [Bagehot, Walter]
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Lombard Street: A Description of the Money Market Kindle Edition

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Kindle, 30 Jun 2015

Length: 191 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Language: English

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Product description


"...classic account of the money market...makes vivid reading" (Spectator Business, November 2008)

Product Description

Financial observer and journalist Walter Bagehot sheds light on the world of banking in his influential tract

Written in response to a nineteenth-century banking crisis in England, Walter Bagehot’s influential treatise was one of the first to clearly explain complex financial systems like international banking, currency, and corporate finance in clear and easy-to-understand language. Credit, Bagehot suggests, is based primarily on trust. When the banks lose the public’s trust, the entire system can collapse.
In Lombard Street, Bagehot—who was the editor in chief of the Economist—sets forth a series of proposals for the strengthening and survival of struggling financial institutions, such as allowing irresponsible banks to collapse and creating strong central banks to combat inflation. His insights are as relevant in today’s economic climate as they were when the book was first published in 1873.
This ebook has been professionally proofread to ensure accuracy and readability on all devices.

Product details

  • Format: Kindle Edition
  • File Size: 1314 KB
  • Print Length: 191 pages
  • Publisher: Open Road Media (30 June 2015)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • ASIN: B00ZE97I9S
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #651,248 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most helpful customer reviews on 4.0 out of 5 stars 42 reviews
5.0 out of 5 starsAn amazing description of Victorian finance that is fascinatingly archaic, yet curiously relevant
3 March 2015 - Published on
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8 people found this helpful.
Charles Kovacs
4.0 out of 5 starsThis book is about money and banking in Walter Bagehot's ...
31 March 2018 - Published on
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5.0 out of 5 starsAn oldie but goodie
3 December 2018 - Published on
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Adam Smith
3.0 out of 5 starsFirst class author, but amateurishly printed by Echo Library
12 November 2009 - Published on
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11 people found this helpful.
Richard Crowder
4.0 out of 5 starsThe modern central bank explained
17 November 2015 - Published on
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2 people found this helpful.