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Lombard Street: A Description of the Money Market

This work, originally published in 1873,was one of the first to practically address the management of financial crises and the role of an expanded "central bank" in England. The author, Walter Bagehot, worked in the shipping and banking industries, co-founded the "National Review", and became editor-in-chief of "The Economist". The posted version was digitized as part of the Google Books Library Project

Available Files

• Complete publication (pdf 11.3M)
  
  
• Introductory material (pdf 333k)
  
  
• Chapter 1. Introductory (pdf 2M)
  
  
• Chapter 2. A General View of Lombard Street (pdf 5.5M)
  
  
• Chapter 3. How Lombard Street Came to Exist, and Why It Assumed Its Present Form (pdf 2.6M)
  
  
• Chapter 4. The Position of the Chancellor of the Exchequer in the Money Market (pdf 1.2M)
  
  
• Chapter 5. The Mode in Which the Value of Money is Settled in Lombard Street (pdf 847k)
  
  
• Chapter 6. Why Lombard Street is Often Very Dull and Sometimes Extremely Excited (pdf 3.8M)
  
  
• Chapter 7. A More Exact Account of the Mode in Which the Bank of England Has Discharged Its Duty of Retaining a Good Bank Reserve, and of Administering It Effectually (pdf 4.9M)
  
  
• Chapter 8. The Government of the Bank of England (pdf 3.6M)
  
  
• Chapter 9. The Joint Stock Banks (pdf 2.4M)
  
  
• Chapter 10. The Private Banks (pdf 1.4M)
  
  
• Chapter 11. The Bill-Brokers (pdf 2.1M)
  
  
• Chapter 12. The Principles Which Should Regulate the Amount of the Banking Reserve To Be Kept by the Bank of England (pdf 2.9M)
  
  
• Chapter 13. Conclusion (pdf 589k)
  
  
• Appendix (pdf 2.6M)