Lombard Street
- First published
- 1873
- Reading level
- Plain English
- Price
- Free
About the book
"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.
- Finance
- Banks and banking
Updated September 2026. Public domain in the USA. Text and summary from Project Gutenberg eBook #4359. Lombard Street on Wikipedia.
