Title
Lombard Street: A Description Of The Money Market (Wiley Investment Classics),Used
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Lombard Street began as a series of articles the esteemed essayist and financial advisor, Walter Bagehot had written for The Economist during the 1850s. First published in book form in 1873, it is a vivid description of the money market that seamlessly brings together theoretical analyses, historical anecdotes, and incisive commentary on sociology, politics, and the Street's various personalities.Sharing his invaluable insights and unique observations, Bagehot touches on everything from the mechanics of deposit banking within a fractional reserve system to the nature of foreign deposits in Britain. Along with a clear explanation of why economic growth and rising living standards are dependent upon a wellmanaged financial system, he offers straightforward guidelines for the function of lenderoflast resort; a penetrating look at the consequences of uncontrolled credit and speculation; and an indepth examination of the exchequer in the money market that includes a stimulating analysis of the interaction between the government's fiscal operations and the functioning of the Bank of England, the commercial banks, and the money market. Perhaps most importantly, Lombard Street features Bagehot's prescription for crisis management, which after nearly 150 years, remains the formula of choice for containingand curtailingfinancial crises.Filled with descriptions of Lombard Street that still ring true today, this jewel of a book has withstood the test of time to become a true investment classicone that will appeal as much to the readers of today as it did to those of years ago.
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- Q: How many pages does this book have? A: This book has three hundred fifty-nine pages. It offers an in-depth exploration of financial history and theory.
- Q: What type of binding is used for this book? A: This book is paperback bound. This makes it lightweight and easy to handle.
- Q: Who is the author of this book? A: The author of this book is Walter Bagehot. He is known for his significant contributions to economic literature.
- Q: Is this book suitable for beginners in finance? A: Yes, this book is suitable for beginners in finance. It provides foundational insights into the banking system.
- Q: What is the publication year of this book? A: This book was originally published in eighteen seventy-three. It remains relevant for understanding historical financial systems.
- Q: What topics are covered in this book? A: This book covers topics related to the money market and banking systems. It includes analyses that are still applicable today.
- Q: How should I store this book? A: Store this book in a cool, dry place. Keeping it away from direct sunlight will help preserve its condition.
- Q: Can this book be read by high school students? A: Yes, high school students can read this book. It is written in a way that is accessible to those interested in economics.
- Q: How do I clean this book if it gets dirty? A: To clean this book, gently wipe the cover with a soft, dry cloth. Avoid using water or cleaning solutions.
- Q: Is this book a good resource for advanced finance students? A: Yes, this book is a valuable resource for advanced finance students. It provides historical context that enhances their understanding.
- Q: What is the size of this book? A: This book measures five point five one inches in length, one inch in width, and nine point zero two inches in height. Its dimensions make it convenient for reading.
- Q: Does this book have any illustrations or graphs? A: No, this book does not include illustrations or graphs. It focuses primarily on textual content.
- Q: What is the return policy for this book? A: The return policy guarantees no quibbles returns. You can return the book if you are not satisfied with it.
- Q: Is this book available for same-day dispatch? A: Yes, this book is available for same-day dispatch if ordered before twelve noon. This ensures quick delivery.
- Q: What condition is this book in? A: This book is in new and mint condition. It has been carefully packaged to ensure it arrives in perfect shape.
- Q: Who published this book? A: This book was published by John Wiley & Sons Inc. They are known for their quality publications in finance and investment.