Cosimo Classics Economics: Lombard Street: A Description of the Money Market (Hardcover)

from EricCostello

Vintage book, whose claim to fame is one of the earliest and strongest expositions of the principle that a central bank, in times of crisis, should lend freely, at high rates of interest, on good securities, in order to stem panics. Bagehot goes into detail on the operation of the Bank of England...

from justindtapp

Lombard Street: A Description of the Money Market by Walter Bagehot (1873, reprinted by Project Gutenberg).This is the original book about bank runs, financial crises, and the role of a central bank. This is on Ben Bernanke's short-list of recommended books, and he quotes Bagehot often. Bagehot i...

from lorenz347

It is a complicated matter. The book try to explain the difficulties of credit system. In some periods is fair & in some is hardly to comprehend. But as now crisis, he can provide a foresight an key of lecture ever valid. One classic book must be read also to compare the varying periods of capita...