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w11: Banking and finance /2547

week 11 – Financial system evolution – lecture handout [pdf]

Primary reading

The Economist (2014), The slumps that shaped modern finance, The Economist, April 12th

* Murphy, AL (2014), The financial revolution and its consequences, in Floud, R, Humphries, J and Johnson, J (eds), The Cambridge Economic History of Modern Britain vol 1 1700-1870, Cambridge: CUP (pp321-343)

Michie, R and Mollan, S (2011), British and American banking in historical perspective: beware of false precedents, History and Policy, Dec 1st

Reinhart, CM and Rogoff, KS (2009), This time is different – eight centuries of financial folly, Princeton: Princeton University Press [but do also read Krugman’s commentary on their work too, here]

Rogers, E (2007), Hitting Northern Rock bottom: lessons from nineteenth-century British banking, History and Policy, Oct 17th

Temin, P and Voth, H-J (2008), Private borrowing during the financial revolution: Hoare’s Bank and its customers, 1702–24, Economic History Review, v61, i3, pp. 541–564

Thorpe, DGH (2010), A history of English clearing banks, British Banking History Society

Background

Bank of England – About the Bank > History

British History Online, The Bank of England (digitised copy of Old and New London: Volume 1. Originally published by Cassell, Petter & Galpin, London, 1878)

North, D and Weingast, B (1989), Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England, Journal of Economic History, Volume 49, Issue 4 December, pp. 803-832

Reinhart, CM, and Rogoff, KS (2008), Is the 2007 US subprime financial crisis so different? An international historical comparison, American Economic Review, 98, no. 2: 339-344.

Sowerbutts, R et al (2016), The demise of Overend Gurney, Bank of England Quarterly Bulletin, Q2

The Goldsmiths’ Company (2016), History of the Company