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In terms of the U.S. savings-and-loan crisis and the Asian economic meltdown of the 1990s, Bagehot's words still ring as timely, even with the dated references to British politics of the time. For example, he proposed allowing unstable banks to collapse and advocated creating an independent finance professional to run the nation's central bank. Lombard Street, named after London's financial district and the birthplace of the money market, will be an eye opener for students and others interested in the history and workings of financial systems. --Dan Ring --This text refers to the Paperback edition.
Content: 4 Starts
Copy Editing: 2 Stars.
This edition badly needs copy editor. Buy a different edition. Read more
Historical and fundamental points on the development of banking in general and the domination of England's banking in particular are set forth in typically archaic and wordy prose. Read morePublished on December 3, 2011 by Bookworm
Brand new book, exactly as described. Super fast shipping. Would buy from this seller again. Thanks!Published on February 27, 2009 by Methuen gal