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The politics of last resort lending and the Overend & Gurney crisis of 1866

Abstract:

News of the insolvency of Overend, Gurney, & Company on 10 May 1866 generated a scramble for funds in the City of London and urgent appeals to the Bank of England. The banking panic triggered by the collapse of the prominent British discount house became one of the Bank's most tumultuous modern crises. This article investigates the politics of the Bank's liquidity provision during the 1866 crisis, and in the ensuing months of financial stringency. By assessing the correspondence, speeches, an...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1111/ehr.13113

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Institution:
University of Oxford
Division:
HUMS
Department:
History Faculty
Oxford college:
New College
Role:
Author
Economic and Social Research Council More from this funder
Publisher:
Wiley Publisher's website
Journal:
Economic History Review Journal website
Volume:
75
Issue:
2
Pages:
579-600
Publication date:
2021-10-01
Acceptance date:
2019-12-07
DOI:
EISSN:
1468-0289
ISSN:
0013-0117
Language:
English
Keywords:
Pubs id:
1197733
Local pid:
pubs:1197733
Deposit date:
2021-10-01

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