Financial history and history / Youssef Cassis -- Financial history and financial economics / John D. Turner -- Financial history and economic development : pitfalls and promises / Gerard Caprio, Jr.-- Private banks and private banking / Youssef Cassis -- Commercial banking : changing...

In this paper we trace the evolution of the lender of last resort doctrine - and its implementation - from the nineteenth century through the panic of 2008. We find that typically the most influential economists "fight the last war" formulating policy guidelines that would have dealt effectively...

In this paper we trace the evolution of the lender of last resort doctrine—and its implementation—from the nineteenth century through the panic of 2008. We find that typically the most influential economists “fight the last war”: formulating policy guidelines that would have dealt...

The financial crisis of 2008 aroused widespread interest in banking and financial history. In an attempt to better understand the magnitude of the shock, there was a demand for historical parallels. This volume provides the material for such a reflection by presenting the state of the art in...

In this paper we trace the evolution of the lender of last resort doctrine--and its implementation--from the nineteenth century through the panic of 2008. We find that typically the most influential economists "fight the last war": formulating policy guidelines that would have dealt effectively...