Name: Lombard Street: A Description Of The Money Market (en Inglés)
Price: 24.08 USD
Availability: InStock
Author: Walter Bagehot
ISBN: 9781805472490

portada Lombard Street: A Description Of The Money Market (en Inglés)

Formato

Libro Físico

Autor

Walter Bagehot

Editorial

Global Book Company

Idioma

Inglés

N° páginas

212

Encuadernación

Tapa Blanda

Dimensiones

27.9 x 21.6 x 1.1 cm

Peso

0.50 kg.

ISBN13

9781805472490

Categorías

Economía monetaria
Banca

Lombard Street: A Description Of The Money Market (en Inglés)

Walter Bagehot (Autor) · Global Book Company · Tapa Blanda

Libro Físico

$ 24.08

$ 48.16

Ahorras: $ 24.08

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Envío normal

Origen: Estados Unidos (Costos de importación incluídos en el precio)

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Reseña del libro "Lombard Street: A Description Of The Money Market (en Inglés)"

Lombard Street: A Description of the Money Market book is one of the all-time classics of finance and monetary policy, and is still relied upon today by central banks world-wide for its statement of broad principles in times of financial calamity. Written in 1873 in reaction to the Bank of England's response to a financial meltdown, the collapse of a bank, which induced a panic that spread throughout the country in 1866, Lombard Street was one of the first books to describe international monetary policy in clear, easy-to-understand terms. Walter Bagehot's advice for central bankers a century and a half ago is still sage today: in times of financial panic, lend freely to solvent firms with good collateral at higher-but-fair rates--a seemingly simple principle but one that many countries failed to follow, always to their detriment, until the worldwide Great Depression of the 1930s made Bagehot's advice mainstream theory for central bankers. Eminently readable, and both useful and important today as a foundational document, Lombard Street is essential reading for anyone interested in basic monetary policy and the workings of central banks in times of crisis.