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Description Lombard Market Money Street Lombard Street: A Description of the Money Market by Walter Bagehot, "I have lost track of how many times over the years I have either reread this book in its entirety or dipped into it to refresh my memory of its wisdom."--From the Foreword by Peter L. Bernstein author of Against the Gods. First published in 1873, this classic book is a timeless excursion through Lombard Street, the original district of finance and the birthplace of the money market. Written by esteemed British economist and historian Walter Bagehot, it delivers observations, insights, and truths that ring as true today as they did more than a century ago. Acclaim for Lombard Street. "Walter Bagehot was a great economist and a great writer--though there is a question as to which was the greater. Lombard Street, first published in 1873, is more than ever timely in the age of Asian financial flu, Long-Term Capital Management, problems in Russia, Brazil, and on the horizon elsewhere. Central bankers and finance ministers such as Alan Greenspan and Robert Rubin in the U.S., along with leading IMF officials should each sleep with a copy under his or her pillow."--Charles P. Kindleberger author of Manias, Panics and Crashes "The briefest and truest way of describing Lombard Street is to say that it is by far the greatest combination of economical power and economical delicacy that the world has ever seen."--Walter Bagehot The English precursor to Wall Street, London's Lombard Street is the original district of finance and the birthplace of the money market. Fast-paced and highly-charged, it is a hotbed of financial activity whose impact is felt not just nationally, but globally. Though similar in many ways to its American counterpart, this "unequalled fund of floating money"nevertheless possesses a character all its own, the essence of which was brilliantly captured more than a century ago in Lombard Street.
Lombard Street: A Description of the Money Market by Walter Bagehot, "I have lost track of how many times over the years I have either reread this book in its entirety or dipped into it to refresh my memory of its wisdom."--From the Foreword by Peter L. Bernstein author of Against the Gods. First published in 1873, this classic book is a timeless excursion through Lombard Street, the original district of finance and the birthplace of the money market. Written by esteemed British economist and historian Walter Bagehot, it delivers observations, insights, and truths that ring as true today as they did more than a century ago. Acclaim for Lombard Street. "Walter Bagehot was a great economist and a great writer--though there is a question as to which was the greater. Lombard Street, first published in 1873, is more than ever timely in the age of Asian financial flu, Long-Term Capital Management, problems in Russia, Brazil, and on the horizon elsewhere. Central bankers and finance ministers such as Alan Greenspan and Robert Rubin in the U.S., along with leading IMF officials should each sleep with a copy under his or her pillow."--Charles P. Kindleberger author of Manias, Panics and Crashes "The briefest and truest way of describing Lombard Street is to say that it is by far the greatest combination of economical power and economical delicacy that the world has ever seen."--Walter Bagehot The English precursor to Wall Street, London's Lombard Street is the original district of finance and the birthplace of the money market. Fast-paced and highly-charged, it is a hotbed of financial activity whose impact is felt not just nationally, but globally. Though similar in many ways to its American counterpart, this "unequalled fund of floating money"nevertheless possesses a character all its own, the essence of which was brilliantly captured more than a century ago in Lombard Street.
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