Bankers Then and Now

Moshe Milevsky

Chapter Chapter 1 in The Day the King Defaulted, 2017, pp 1-20 from Springer

Abstract: Abstract Offers an overview, motivation and very brief outline of the story of the Stop of the Exchequer in the year 1672. It begins by contrasting the fate of the goldsmith-bankers in Restoration England with that of the financiers who were part of the financial crisis of 2007–2008. Explains the balance-sheet mechanics of how and why the seventeenth-century goldsmith-bankers ran into financial difficulties and also offers an overview of the remaining chapters in the book.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-59987-8_1

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DOI: 10.1007/978-3-319-59987-8_1

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