Theory and Practice of Central Banking

1797-1913

E. Victor Morgan

• Publisher: Routledge
• Year: 2012
• Print ISBN:
  9780714612379
• eBook ISBN:
  9781136232831
• Topic: Business
• Subtopic: Business General
• Index: Business

First Published in 1965. This monograph combines the historical and theoretical of modern economics, and though many students before him tried to marry economic history to economic theory, few of them ever achieved the union on Mr Morgan's terms.

Index

Acts of Parliament: Currency Act, 1816, 42; Act for the Resumption of Cash Payments, 1819, 3, 76, 77; Bank Charter Act, 1826, 17, 89; Promissory Notes Act, 1826, 87, 90; Bank Charter Act, 1833, 15, 17, 97–8; Bank Charter Act, 1844, 6, 115–16, 117, 126, 146, 147, 161, 162, 173, 227, 228–31, 244

Althorp, Viscount, 96, 97

American Civil War, 165, 167, 175–8

Argentine Republic, loans to, 1889, 203; revolution of 1890, 205

Assignats, 23

Atkinson, J., 60, 61

Attwood, T., 13

Australia, 155, 156, 231

Bagehot, W., 173, 181, 191, 238–42

Bankers’ Magazine, 147, 178, 197

Banking School, 116, 122–42, 229

Bank of England, in the early nineteenth century, 1–10; management of National Debt, 1–2; note issue, 3–4; discount policy, 4–6, 143–6, 164, 192, 195–7; quarterly advances, 6–7, 106, 112, 144; bankers’ balances with, 7–8, 210–11; as lender of last resort, 8–9, 164, 180–1; restriction of cash payments, 1797, 23–4; policy during Restriction Period, 24–7; end of Restriction Period, 41–6; and country banks, 67–74, 134–6; crisis of 1825, 80–6; policy of J. H. Palmer, 100–2; crisis of 1836, 103–10; crisis of 1839, 110–14; changes of policy after 1844, 143–6; crisis of 1847, 147–51; effect of increased gold supplies, 1850–7, 155–8; crisis of 1857, 158–62; relations with discount market, 1858, 162–4; policy, 1858–73, 172–4; dispute with Gurney’s, 175; crisis of 1866, 178–81; crisis of 1873, 185–6; ineffecti...

Table of contents

• Cover
• Halftitle
• Title
• Copyright
• Contents
• Table
• Preface
• Author Preface
• I Banks and Banking in the Early Nineteenth Century
• II The Bank Restriction Period, 1797–1821
• III Monetary Theory of the Bank Restriction Period
• IV The First Years of Resumption, the Crisis of 1825, and the Bank Charter Act, 1833
• V The Horsley Palmer Experiment, and the Bank Charter Act, 1844
• VI The Currency and Banking Controversy
• VII The Trial of the Bank Charter Act, 1844–58
• VIII The Great Boom, 1858–73
• IX The Great Depression, 1873–96
• X The Last Years of the Gold Standard, 1897–1913
• XI Monetary Theory of the Second Half of the Nineteenth Century
• Appendix
• Index