1772–73 British Credit Crisis
Details:
- Author(s) Kosmetatos, Paul
- Publication type Monograph
- Year published 2018
- Pages 358pp
- Publisher Palgrave Macmillan
- Place Published London
Topics:
- Name Capital and money markets, etc
Countries:
Library:
- Name British Library
- City London
- County Greater London
- Country England
- Postcode NW1 2DB
- Visit British Library's website
Groups:
Notes:
Explores the causes and dynamics / contagion of the 1772-73 financial crisis; the part played in this by the collapse of Douglas Heron & Co / the Ayr Bank following the collapse of its London agents, Neal, James, Fordyce & Down; and the prompt actions of the Bank of England to contain the crisis [reflecting lender of last resort activity long before it was articulated]. Chapters include: ‘A year of confusion, dismay and distress - the 1772-73 Financial Crisis and its potential significance;; 'A Minsky Bubble? Economic growth and the financial sector in 1763–72'; '‘Roguery’, ‘stupidity’ and permissive regulation - asset speculation and speculative projects in 1763-72'; 'Propagation and containment - financial contagion and the lender of last resort in 1772–73'; 'Impact and resolution'