Titlebook: Calming the Storms; The Carry Trade, the Charles Read Book 2023 The Editor(s) (if applicable) and The Author(s), under exclusive license to

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The Twentieth and Twenty-First Centuries: From the Banking School to the Carry Trade,came the Carry Trade, a means of profiting from the disparity between different interest rates. This chapter describes how the Carry Trade failed to flourish in the twentieth century until the late 1960s and resulted in a period in British history that was relatively free from major financial crises

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Conclusion: Calming the Storms,king about the short term, particularly relating to financial crises, in the long-run course of Britain’s financial history. The book also puts the increased worries about the rise in the Carry Trade in the twenty-first century in their historical context. The Banking School held many similar concer

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