000827079 000__ 02864cam\a2200421Ii\4500
000827079 001__ 827079
000827079 005__ 20230306144436.0
000827079 006__ m\\\\\o\\d\\\\\\\\
000827079 007__ cr\cn\nnnunnun
000827079 008__ 180323s2018\\\\sz\\\\\\ob\\\\001\0\eng\d
000827079 020__ $$a9783319709086$$q(electronic book)
000827079 020__ $$a3319709089$$q(electronic book)
000827079 020__ $$z9783319709079
000827079 035__ $$aSP(OCoLC)on1029352555
000827079 035__ $$aSP(OCoLC)1029352555
000827079 040__ $$aN$T$$beng$$erda$$epn$$cN$T$$dN$T$$dYDX$$dFIE$$dOCLCF$$dEBLCP$$dMERER
000827079 043__ $$ae-uk---
000827079 049__ $$aISEA
000827079 050_4 $$aHB3783
000827079 08204 $$a330.94107$$223
000827079 1001_ $$aKosmetatos, Paul,$$eauthor.
000827079 24514 $$aThe 1772-73 British Credit Crisis /$$cPaul Kosmetatos.
000827079 264_1 $$aCham, Switzerland :$$bPalgrave Macmillan,$$c[2018]
000827079 264_4 $$c©2018
000827079 300__ $$a1 online resource.
000827079 336__ $$atext$$btxt$$2rdacontent
000827079 337__ $$acomputer$$bc$$2rdamedia
000827079 338__ $$aonline resource$$bcr$$2rdacarrier
000827079 4901_ $$aPalgrave studies in the history of finance
000827079 506__ $$aAccess limited to authorized users.
000827079 520__ $$a"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 This book uses a variety of previously unpublished archival sources to question the bubble narrative usually associated with this crisis, and to identify the mechanisms of financial contagion that allowed the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 its failure 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 prompt efforts to contain the crisis are evidence of a Lender of Last Resort in action, some thirty years before the classical formulation of the concept by Henry Thornton."--$$cProvided by publisher.
000827079 588__ $$aOnline resource; title from PDF title page (viewed March 26, 2018).
000827079 650_0 $$aFinancial crises$$zGreat Britain$$xHistory$$y18th century.
000827079 830_0 $$aPalgrave studies in the history of finance.
000827079 852__ $$bebk
000827079 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-70908-6$$zOnline Access$$91397441.1
000827079 909CO $$ooai:library.usi.edu:827079$$pGLOBAL_SET
000827079 980__ $$aEBOOK
000827079 980__ $$aBIB
000827079 982__ $$aEbook
000827079 983__ $$aOnline
000827079 994__ $$a92$$bISE