British Banking. Continuity and change from 1694 to the present
Details:
- Author(s) Michie, Ranald C
- Publication type Monograph
- Year published 2016
- Pages 348pp
- Publisher Oxford University Press
- Place Published Oxford
Topics:
- Name Capital and money markets, etc
Countries:
Library:
- Name British Library
- City London
- County Greater London
- Country England
- Postcode NW1 2DB
- Visit British Library's website
Groups:
Notes:
Scholarly account by an eminent financial historian dealing with the development of the British banking system over three centuries with the aim 'to explain why the British banking system gained its reputation for resilience and competence, maintained it for over 100 years, and then lost it [in the Global Financial Crisis, 2007-08] in such a rapid and spectacular fashion'. Comments on 'what needs to be done to return it to the position it once occupied' and how, without an understanding of the mistakes of the recent past, these mistakes are 'destined to be repeated time and again'. Chapters include: 'Context and chronology, 1694-2015'; 'Crises and crescendo, 1694-1825'; 'Consolidation and competence, 1825-1914'; 'Choice and connections, 1825-1914'; 'Complications and co-operation, 1914-1945'; 'Control and compartmentalization, 1945-1970'; 'Convergence and conversions, 1970-1997'; 'Competition and complacency, 1997-2007'; 'Catastrophe and convalescence, 2007-2015'