Can the lessons of the past help us to prevent another banking
collapse in the future? This is the first book to tell the story of
the rise and fall of British banking stability over the past two
centuries, shedding new light on why banking systems crash and on
the factors underpinning banking stability. John Turner shows that
there have only been two major banking crises in Britain during
this time - the crises of 1825 6 and 2007 8. Although there were
episodic bouts of instability in the interim, the banking system
was crisis free. Why was the British banking system stable for such
a long time? And, why did the British banking system implode in
2008? In answering these questions, the book explores the long-run
evolution of bank regulation, the role of the Bank of England, bank
rescues and the need to hold shareholders to account."
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