| 书目名称 | The 1772–73 British Credit Crisis |
| 编辑 | Paul Kosmetatos |
| 视频video | |
| 概述 | Covers an important historical episode that has not been covered before in its entirety.Charts the short but turbulent career of the Ayr Bank.Showcases the development of crisis containment policies a |
| 丛书名称 | Palgrave Studies in the History of Finance |
| 图书封面 |  |
| 描述 | .Nowadays remembered mostly through Adam Smith’s references to the short-lived Ayr Bank in the Wealth of Nations, the 1772-3 financial crisis was an important historical episode in its own right, taking place during a pivotal period in the development of financial capitalism and coinciding with the start of the traditional industrialisation narrative. It was also one of the earliest purely financial crises occurring in peacetime, and its progress showed an impressive geographical reach, involving England, Scotland, the Netherlands and the North American colonies.. .This book uses a variety of previously unpublished archival sources to question the bubble narrative usually associated with this crisis, and to identify the mechanisms of financial contagion that allowed the failure of a small private bank in London to cause rapid and severe distress throughout the 18th century financial system. It re-examines the short and turbulent career of the Ayr Bank, and concludes that itsfailure was the result of cavalier liability management akin to that of Northern Rock in 2007, rather than the poor asset quality alleged in existing literature. It furthermore argues that the Bank of England’s |
| 出版日期 | Book 2018 |
| 关键词 | British credit crisis; Economic displacement; monetary expansion; equity growth; credit growth; Ayr bank; |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-319-70908-6 |
| isbn_softcover | 978-3-030-10001-8 |
| isbn_ebook | 978-3-319-70908-6Series ISSN 2662-5164 Series E-ISSN 2662-5172 |
| issn_series | 2662-5164 |
| copyright | The Editor(s) (if applicable) and The Author(s) 2018 |
发表于 2025-3-21 19:22:52
