Lombard Street; A Description of the Money Market, 1892
[Bagehot, Walter] Tenth edition. London, 1892. 361 pp. and Classified List of The Publications of Kegan Paul, Trench, Trubner and Co. Limited. 80 pp.
Lombard Street: A Description of the Money Market is one of the all-time classics of finance and monetary policy, and is still relied upon today by central banks world-wide for its statement of broad principles in times of financial calamity. Written in 1873 in reaction to the Bank of England's response to a financial meltdown--the collapse of a bank, which induced a panic that spread throughout the country in 1866--Lombard Street was one of the first books to describe international monetary policy in clear, easy-to-understand terms.
Burgundy leather with gold lettering on cover & spine. Small tear to top edge of spine. Bumping to spine and corners. Very good.