It explains the world of banking and finance, particularly financial crisis management. Lombard Street: A Description of the Money Market by Walter Bagehot. It is a masterpiece of economics, described by J. 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.

Bagehot was one of the first writers to describe and explain the world of international and corporate finance, banking, and money in understandable language. 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. Lombard Street: A Description of the Money Market is a famous book by Walter Bagehot, published in 1873. 'Walter Bagehot was a great economist and a great writer-though there is a question as to which was the greater.

Read this book using Google Play Books app on your PC, android. 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 - Ebook written by Walter Bagehot. Fast-paced and highly-charged, it is a hotbed of financial activity whose impact is felt not just nationally, but globally. WALTER BAGEHOT (1826-1877) also wrote The English Constitution (1867), Physics and Politics (1872), and The Postulates of English Political Economy (1885), among other works. The English precursor to Wall Street, London's Lombard Street is the original district of finance and the birthplace of the money market.

First edition of this 'undying classic' (J.M.

Lombard street by walter bagehot