001453974 000__ 04296cam\a22005177i\4500 001453974 001__ 1453974 001453974 003__ OCoLC 001453974 005__ 20230314003455.0 001453974 006__ m\\\\\o\\d\\\\\\\\ 001453974 007__ cr\cn\nnnunnun 001453974 008__ 230117s2022\\\\sz\a\\\\ob\\\\001\0\eng\d 001453974 019__ $$a1356795150$$a1356795789$$a1357014872 001453974 020__ $$a9783031119149$$qelectronic book 001453974 020__ $$a3031119142$$qelectronic book 001453974 020__ $$z3031119134 001453974 020__ $$z9783031119132 001453974 0247_ $$a10.1007/978-3-031-11914-9$$2doi 001453974 035__ $$aSP(OCoLC)1360456914 001453974 040__ $$aGW5XE$$beng$$erda$$epn$$cGW5XE$$dYDX$$dN$T$$dEBLCP$$dUKMGB$$dOCLCQ$$dYDX$$dUKAHL 001453974 043__ $$ae-uk--- 001453974 049__ $$aISEA 001453974 050_4 $$aHC255$$b.R43 2022 001453974 08204 $$a330.9/0941$$223/eng/20230117 001453974 1001_ $$aRead, Charles,$$eauthor. 001453974 24510 $$aCalming the storms :$$bthe carry trade, the banking school and British financial crises since 1825 /$$cCharles Read. 001453974 264_1 $$aCham, Switzerland :$$bPalgrave Macmillan,$$c2022. 001453974 300__ $$a1 online resource (1 volume) :$$billustrations 001453974 336__ $$atext$$btxt$$2rdacontent 001453974 337__ $$acomputer$$bc$$2rdamedia 001453974 338__ $$aonline resource$$bcr$$2rdacarrier 001453974 4901_ $$aPalgrave studies in economic history 001453974 504__ $$aIncludes bibliographical references and index. 001453974 5050_ $$aChapter 1. Introduction -- Chapter 2. Peels economic-policy regime change in Britain during the early nineteenth century -- Chapter 3. The ideas and policies of the Banking School -- Chapter 4. The crises of 1825 and 1837 -- Chapter 5. The 1847 Crises -- Chapter 6. The 1857-58 crisis, etc. 001453974 506__ $$aAccess limited to authorized users. 001453974 520__ $$aThis book exposes, for the first time in modern scholarship, the role that the rise of the Carry Trade played in British financial crises between 1825 and 1866, how in reaction the Bank of England improved its management of monetary policy after 1866 and how those lessons have been forgotten since the 1970s. Britain is one of the few major capitalist economies in the world to have avoided policy-induced systemic financial crises for more than 100 years of its historybetween 1866 and 1973. Beforehand, it suffered a series of serious banking panics, in 1825, 1837, 1847, 1857-58 and 1866. Since the 1970s banking instability has returned again, with the global financial crisis of 2007-09 hitting Britain hard. Economists and policymakers have asked what can be learnt from Britains experience of the disappearance and reappearance of crises to help efforts to prevent future ones. This book answers that question with a major reassessment of Britains financial history over the past two centuries. It does so by applying the long-neglected ideas of the British Banking School to explain how crises can occur because of the Carry Trade. This book is essential reading for economists and historians of modern Britain, practitioners and policymakers, as well as anyone who is affected by financial crises and their consequences. Charles Read is a British Academy Postdoctoral Fellow in History and an Affiliated Lecturer in Economics and History at the University of Cambridge. He is also a Fellow, Tutor, College Lecturer and Director of Studies at Corpus Christi College and a Research Associate at the Centre for Financial History at Darwin College. His previous research has won the Thirsk-Feinstein PhD Dissertation Prize, the T.S. Ashton Prize, and the New Researcher Prize of the Economic History Society and a prize from the International Economic History Association for the best doctoral dissertation completed in 2015, 2016 or 2017. He has also worked as a writer and editor at The Economist and as a research associate at an investment bank in London. 001453974 650_0 $$aCarry trades (Foreign exchange) 001453974 650_0 $$aFinancial crises$$zGreat Britain$$xHistory. 001453974 655_0 $$aElectronic books. 001453974 77608 $$iPrint version:$$aREAD, CHARLES.$$tCALMING THE STORMS.$$d[Place of publication not identified] : PALGRAVE MACMILLAN, 2022$$z3031119134$$w(OCoLC)1331704882 001453974 830_0 $$aPalgrave studies in economic history. 001453974 852__ $$bebk 001453974 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-031-11914-9$$zOnline Access$$91397441.1 001453974 909CO $$ooai:library.usi.edu:1453974$$pGLOBAL_SET 001453974 980__ $$aBIB 001453974 980__ $$aEBOOK 001453974 982__ $$aEbook 001453974 983__ $$aOnline 001453974 994__ $$a92$$bISE