Ziegler, Dieter - In: Jahrbuch für Wirtschaftsgeschichte 63 (2022) 2, pp. 345-373
The author argues that the idea, that the Bank of England accepted Walter Bagehot's recommendations from around the 1870s onwards and adopted the role of lender of last resort for the British financial markets, is a misconception. The published balance sheets give this impression, but a closer...