Calming the Storms: The Carry Trade, the Banking School and British Financial Crises since 1825 (Palgrave Studies in Economic History)

by Charles Read

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This book exposes, for the first time in modern scholarship, the role that the rise of the Carry Trade played in crises between 1825 and 1866, how in reaction the Bank of England improved its management of monetary policy after 1866 and how those lessons have been forgotten since the 1970s. Britain is one of the few major capitalist economies in the world to have avoided severe systemic financial crises for more than 100 years of its history—between 1866 and 1973. Beforehand, it suffered a series of serious banking panics, in 1825, 1837, 1847, 1857-8 and 1866. And since...

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  • ISBN13 9783031119132
  • Publish Date 11 December 2022
  • Publish Status Forthcoming
  • Publish Country CH
  • Imprint Palgrave Macmillan
  • Edition 1st ed. 2022
  • Format Hardcover
  • Pages 246
  • Language English