Walter Bagehot

Lombard Street : a description of the money market

«Lombard Street: A Description of the Money Market is a book by Walter Bagehot, one of the first writers to describe and explain the world of international and corporate finance, banking, and money in understandable language. The book tells about the financial collapse of Overend, Gurney and Company, a wholesale discount bank located at 65 Lombard Street, London, which was an important event of its time and got wide public acclaim.
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  • Arif Shahпре 4 године
    main point on which one system of credit differs from another is 'soundness
  • Arif Shahпре 4 године
    Credit means that a certain confidence is given, and a certain trust reposed
  • Arif Shahпре 4 године
    cannot appeal, therefore, to experience to prove the safety of our system as it now is, for the present magnitude of that system is entirely n

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