International audienceThe National Monetary Commission was deeply concerned with importing best practice. One important focus was the connection between the money market and international trade. It was said that Britain's lead in the market for " acceptances " originating in international trade was the basis of its sterling predominance. In this article, we use a so-far unexplored source to document the portfolio of bills that was brought up to the Bank of England for discount and study the behavior of the Bank of England during the crisis of 1866 (the so-called Overend-Gurney panic) when the Bank began adopting lending of last resort policies (Bignon, Flandreau and Ugolini 2012). We compare 1865 (a " normal " year) to 1866. Important findi...
The history of London’s money and credit markets is one of intermittent crises interspersed with suc...
The Central European panic of the spring 1931 is often presented as a cause of the sterling crisis o...
In this paper we survey the development of lending of last resort operations in the mid-19th century...
International audienceThe National Monetary Commission was deeply concerned with importing best prac...
International audienceThe National Monetary Commission was deeply concerned with importing best prac...
The National Monetary Commission was deeply concerned with importing best practice. One important fo...
The National Monetary Commission was deeply concerned with importing best practice. One important fo...
The National Monetary Commission was deeply concerned with importing best practice. One important fo...
International audienceThe National Monetary Commission was deeply concerned with importing best prac...
The National Monetary Commission was deeply concerned with importing best practice. One important fo...
International audienceThe collapse of Overend Gurney and the ensuing crisis of 1866 was a turning po...
International audienceThe collapse of Overend Gurney and the ensuing crisis of 1866 was a turning po...
International audienceThe collapse of Overend Gurney and the ensuing crisis of 1866 was a turning po...
International audienceThe collapse of Overend Gurney and the ensuing crisis of 1866 was a turning po...
In 1866, the largest discount house in London, Overend-Gurney, teetered on the verge of insolvency a...
The history of London’s money and credit markets is one of intermittent crises interspersed with suc...
The Central European panic of the spring 1931 is often presented as a cause of the sterling crisis o...
In this paper we survey the development of lending of last resort operations in the mid-19th century...
International audienceThe National Monetary Commission was deeply concerned with importing best prac...
International audienceThe National Monetary Commission was deeply concerned with importing best prac...
The National Monetary Commission was deeply concerned with importing best practice. One important fo...
The National Monetary Commission was deeply concerned with importing best practice. One important fo...
The National Monetary Commission was deeply concerned with importing best practice. One important fo...
International audienceThe National Monetary Commission was deeply concerned with importing best prac...
The National Monetary Commission was deeply concerned with importing best practice. One important fo...
International audienceThe collapse of Overend Gurney and the ensuing crisis of 1866 was a turning po...
International audienceThe collapse of Overend Gurney and the ensuing crisis of 1866 was a turning po...
International audienceThe collapse of Overend Gurney and the ensuing crisis of 1866 was a turning po...
International audienceThe collapse of Overend Gurney and the ensuing crisis of 1866 was a turning po...
In 1866, the largest discount house in London, Overend-Gurney, teetered on the verge of insolvency a...
The history of London’s money and credit markets is one of intermittent crises interspersed with suc...
The Central European panic of the spring 1931 is often presented as a cause of the sterling crisis o...
In this paper we survey the development of lending of last resort operations in the mid-19th century...