Friday, Jan 18, 2008
Repeating History
h-net: OVEREND & GURNEY, 1866; BARINGS, 1890
Contagion Effects of Three Late
Nineteenth Century British Bank Failures
Ashraf A. Mahate
City UniversityB usinesSs chool,L ondon
Britishb ankingd uringt he period1 860t o 1908 experiencead numbero f
bankf ailures.F or exampleb, etween1 880a nd 1890t herew ere2 9 bankf ailures.
The failureo f a bankn ot only affectst he depositorosf that bankb ut alsoo ther
banks,t heir shareholdersth, e monetarys ystema nd generale conomics tability.
The main reasonf or the latteri s the lossi n publicc onfidencien the banking
systemw hichl eadst o a withdrawaol f fundsb y depositors.
Posted by seanb303 @ 08:03 AM (355 views) Add Comment
4 Comments
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1. The Haunted said...
That text is making my head hurt!
2. techieman said...
Shame about your keyboard! Interesting historical account. The most interesting thing was that a bank failed and there was a run on all of 'em. I've only read it breifly but it seems to me that if NR was allowed to fail then that may have been the catalyst for a string of failures. My point has been that the first bank to have a run is not neccesarily the last. If / when the next one goes that will be the real test.
3. hpwatcher said...
Looks like junk to me, just like UK house prices.
4. seanb303 said...
copy and paste didn't work right ,sorry
but a good paper anyway