Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis--but the recent globa...
Hardcover: 192 pages
Publisher: Princeton University Press (November 28, 2010)
Product Dimensions: 5.8 x 1 x 8.8 inches
Amazon Rank: 631550
Format: PDF ePub TXT book
reviews: I have a PhD in econ and studied under a former governor of the SL Fed. Based on my experience, this is perhaps the best text on money I've seen. I'd use it in the classroom, but it's also a good stand-alone read for the less studious. This isn't ...
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