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Walter Bagehot

Lombard Street : a description of the money market

«Lombard Street: A Description of the Money Market is a book by Walter Bagehot, one of the first writers to describe and explain the world of international and corporate finance, banking, and money in understandable language. The book tells about the financial collapse of Overend, Gurney and Company, a wholesale discount bank located at 65 Lombard Street, London, which was an important event of its time and got wide public acclaim.
281 printed pages
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  • Arif Shahhas quoted4 years ago
    main point on which one system of credit differs from another is 'soundness
  • Arif Shahhas quoted4 years ago
    Credit means that a certain confidence is given, and a certain trust reposed
  • Arif Shahhas quoted4 years ago
    cannot appeal, therefore, to experience to prove the safety of our system as it now is, for the present magnitude of that system is entirely n

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