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MACMILLAN Calming the Storms - British Financial History Book

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Description

Explore the historical connection between the Carry Trade and British financial instability in Calming the Storms. This Palgrave Studies in Economic History volume examines the role of the Carry Trade in driving crises between 1825 and 1866. It details how the Bank of England refined its monetary policy management following the 1866 crisis, leading to a rare period of stability. Between 1866 and 1973, Britain avoided policy-induced systemic financial crises for over a century. This book analyzes the banking panics that occurred prior to this era, specifically in 1825, 1837, 1847, 1857-58, and 1866. It also examines how the lessons learned from these historical events have been lost since the 1970s. This work provides a deep look at the evolution of British economic policy and the mechanics of banking history.

Key Features

This Palgrave Studies in Economic History book analyzes the rise of the Carry Trade and its impact on British financial crises.

The text examines the specific banking panics that occurred in 1825, 1837, 1847, 1857-58, and 1866.

Learn how the Bank of England improved its monetary policy management in response to the 1866 crisis.

The research covers the long period of stability between 1866 and 1973 when Britain avoided systemic financial crises.

This MACMILLAN publication explores why historical economic lessons have been forgotten since the 1970s.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
02 January 2023
Listed Since
17 June 2022

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