# Lombard Street: A Description of the Money Market

By Walter Bagehot.

"Lombard Street: A Description of the Money Market" by Walter Bagehot is a financial work published in 1873. Written in response to a devastating banking collapse that triggered panic across Britain, the book explains international finance and banking in clear language. Bagehot outlines crucial principles for how central banks should respond during credit crises, offering guidance on lending practices that would protect the financial system while preventing widespread alarm among solvent institutions. (Summary by Project Gutenberg, written by machine.)

- Language: English
- Subjects: Finance -- Great Britain; Banks and banking -- Great Britain; Banks and banking -- England -- London; Finance -- England -- London

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From Project Gutenberg. Public domain in the United States.