The commercial crisis of 1847

.

Chapter 3 in A Comparative History of Central Bank Behavior, 2022, pp 45-63 from Edward Elgar Publishing

Abstract: A continuing controversy affecting central banking has been the policy choice between rules and discretion. The unsatisfactory peacetime actions of the Bank of England led to a legislated rule in the Bank Charter Act of 1844, which turned out to be too restrictive during the Commercial Crisis of 1847, and its temporary suspension in favor of economic stability, for similar reasons as after 1815.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.elgaronline.com/view/9781803926605.00008.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21729_3

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().