proptosis 发表于 2025-3-21 19:43:18
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Book 2023nswers that question with a major reassessment of Britain’s financial history over the past two centuries. It does so by applying the long-neglected ideas of the British Banking School to explain how crises can occur because of the Carry Trade. This book is essential reading for economists and histoBlanch 发表于 2025-3-22 00:38:26
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https://doi.org/10.1007/978-3-031-68590-3etween them for discounting business. The same moral divide extended to the attitudes of some adherents of the Currency School and the Banking School and influenced their interpretations of the crises of 1857–58.ELUDE 发表于 2025-3-22 10:58:54
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Sustaining Proliferative Signalingrica, but the flows suddenly ceased as interest rates equalised in the two countries. This triggered a second crisis, in October, that led to the suspension of the Bank Charter Act. Many Banking-School adherents subsequently blamed the legislation for the two crises.hazard 发表于 2025-3-23 07:28:27
Peter H. Andersen,Erik B. Nielsen aftermath, the Bank used smaller, prompt changes in interest rates to quell speculative bubbles and bullion drains before they got out of hand, a policy that prevented another crisis of the size of 1847, 1857–1858 and 1866 occurring in the rest of the century.