The Bank of England Needs Above All To Restore Financial Confidence  

Oleh:

The Economist (Editor)

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 387 no. 8574 (Apr. 2008), page 62.
Topik: Ekonomi; Krisis; Financial; Bank; Depression

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.48 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The banking crisis taht started last August has been an unnerving mix of the new and the old. Mystifying financial products have tripped up even their clever inventors. Yet there have also been eerie historical parallels. In Britain, the crisis featured the first bank run since Victorian times. In America, an imperative has been to prevent the banking collapses taht caused the Depression of the early 1930s. Of the three centals banks thrust centrestage in handling the crisis-those in America, Britain and the eruop area-the bank of Englangf might have been expected to rise most occasion. Founded in 1694, it has centuries of experience in dealing with financial troubles, not least in acting as a lender of last resort.

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