Emergence of the Modern Framework, 1850–1913

G. A. Fletcher
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G. A. Fletcher: University of Liverpool

Chapter 2 in The Discount Houses in London, 1976, pp 17-34 from Palgrave Macmillan

Abstract: Abstract In the second half of the nineteenth century the financial sector of the British economy became subject to forces of change which were to alter it almost beyond recognition. The growth of international trade, in which Britain took full part, meant that banking and other financial institutions had to become responsive to and be involved in the conduct and finance of foreign trade and in the international movement of capital.

Keywords: Money Market; Market Rate; Limited Liability Company; Bank Reserve; Bank Rate (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01974-8_2

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DOI: 10.1007/978-1-349-01974-8_2

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