We use daily transactional ledger data from the Bank of England's Archive to test whether and to what extent the Bank … of England during the mid-nineteenth century adhered to Walter Bagehot's rule that a central bank in a financial crisis …. We find that the Bank's behaviour during this period broadly conforms to Bagehot's rule, though with variation across the …

's origins to the late 1970s, in the context of work on international bank lending carried out under the aegis of the Euro …