Lombard Street: A Description of the Money Market

by Walter Bagehot

Overview

I venture to call this essay 'Lombard Street' and not the 'Money Market,' or any such phrase, because I wish to deal, and to show that I mean to deal, with concrete realities in my explanation of how money moves and flows around cities. Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.

Product Details

ISBN-13:	9781447483892
Publisher:	Read Books Ltd.
Publication date:	12/01/2012
Sold by:	Barnes & Noble
Format:	eBook
Pages:	364
File size:	2 MB

About the Author

WALTER BAGEHOT is one of the most celebrated finance writers ever. One of the most lucid and discerning critics of his time, Bagehot was editor of the highly regarded Economist. Widely acknowledged as an expert on banking and finance, he was frequently consulted by Parliament.

Table of Contents

A General View of Lombard Street.
How Lombard Street Came to Exist, and Why it Assumed Its Present Form.
The Position of the Chancellor of the Exchequer in the Money Market.
The Mode in Which the Value of Money is Settled in Lombard Street.
Why Lombard Street is Often Very Dull, and Sometimes Extremely Excited.
A More Exact Account of the Mode in Which the Bank of England has Discharged Its Duty of Retaining a Good Bank Reserve, and of Administering it Effectually.
The Government of the Bank of England.
The Joint Stock Banks.
The Private Banks.
The Bill-Brokers.
The Principles Which Should Regulate the Amount of the Banking Reserve to be Kept by the Bank of England.
Conclusion.
Appendices.