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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

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


Bank of England – About the Bank > History

Bank of England – About the Bank > History > Timeline

Bank of England – About the Bank > History > Major developments

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.