國立高雄大學圖資館 |

Language: English

Back

The day the king defaultedfinancial ...

Charles, II, (King of England,) (1630-1685.)

The day the king defaultedfinancial lessons from the Stop of the Exchequer in 1672 /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The day the king defaultedby Moshe Arye Milevsky.
Reminder of title:	financial lessons from the Stop of the Exchequer in 1672 /
Author:	Milevsky, Moshe Arye.
Published:	Cham :Springer International Publishing :2017.
Description:	xxi, 218 p. :ill., map, digital ;21 cm.
Contained By:	Springer eBooks
Subject:	Default (Finance)History17th century.Great Britain
Subject:	Great BritainEconomic policy1979-1997.
Online resource:	http://dx.doi.org/10.1007/978-3-319-59987-8
ISBN:	9783319599878$q(electronic bk.)

The day the king defaultedfinancial lessons from the Stop of the Exchequer in 1672 /
Milevsky, Moshe Arye.

The day the king defaultedfinancial lessons from the Stop of the Exchequer in 1672 /[electronic resource] :by Moshe Arye Milevsky. - Cham :Springer International Publishing :2017. - xxi, 218 p. :ill., map, digital ;21 cm.

This book studies King Charles II's decision to stop all payments from his royal exchequer, a sordid but little-known event in English history with eerie similarities to the cause of the Great Recession of 2008. As with any modern banking crisis, the financial system in 1672 almost collapsed, day-to-day commerce ground to a halt, houses were lost, and ordinary investors suffered - but there was no banking bailout, and no mercy for the goldsmith-bankers who had lent the king millions to fund his unsustainable lifestyle. The royal decision, made in the wake of plagues, fires, and war with the Dutch, left bankers unable to cover their own liabilities and, in the days before bankruptcy, they couldn't walk away from their obligations and start fresh. Many bankers spent the end of their lives in debtors' prison, but English commoners had little sympathy for the plight of rich financiers - a sentiment echoed after the financial crisis of 2008. Ultimately, this book tells the complete story of the Merry Monarch's financial default (England's first and last) using the lens and language of modern financial products and markets. It covers the precarious history leading up to the infamous day in 1672, the intrigue surrounding the 'stop' - including those who traded on inside information beforehand - as well as the attempt by distressed creditors to gain financial restitution.

ISBN: 9783319599878$q(electronic bk.)

Standard No.: 10.1007/978-3-319-59987-8doiSubjects--Personal Names:

792680
Charles
II,King of England,1630-1685.Subjects--Topical Terms:

792681
Default (Finance)
--History--Great Britain--17th century.Subjects--Geographical Terms:

381151
Great Britain
--Economic policy--1979-1997.

LC Class. No.: HJ1012 / .M55 2017

Dewey Class. No.: 336.42

The day the king defaultedfinancial lessons from the Stop of the Exchequer in 1672 /
LDR:02287nmm a2200277 a 4500 001 522203
003 DE-He213
005 20170913205654.0
006 m d
007 cr nn 008maaau
008 180521s2017 gw s 0 eng d
020 $a 9783319599878$q(electronic bk.)
020 $a 9783319599861$q(paper)
024 7 $a 10.1007/978-3-319-59987-8 $2 doi
035 $a 978-3-319-59987-8
040 $a GP $c GP
041 0 $a eng
050 4 $a HJ1012 $b .M55 2017
082 0 4 $a 336.42 $2 23
090 $a HJ1012 $b .M643 2017
100 1 $a Milevsky, Moshe Arye. $3 792679
245 1 4 $a The day the king defaulted $h [electronic resource] : $b financial lessons from the Stop of the Exchequer in 1672 / $c by Moshe Arye Milevsky.
260 $a Cham : $b Springer International Publishing : $b Imprint: Palgrave Macmillan, $c 2017.
300 $a xxi, 218 p. : $b ill., map, digital ; $c 21 cm.
520 $a This book studies King Charles II's decision to stop all payments from his royal exchequer, a sordid but little-known event in English history with eerie similarities to the cause of the Great Recession of 2008. As with any modern banking crisis, the financial system in 1672 almost collapsed, day-to-day commerce ground to a halt, houses were lost, and ordinary investors suffered - but there was no banking bailout, and no mercy for the goldsmith-bankers who had lent the king millions to fund his unsustainable lifestyle. The royal decision, made in the wake of plagues, fires, and war with the Dutch, left bankers unable to cover their own liabilities and, in the days before bankruptcy, they couldn't walk away from their obligations and start fresh. Many bankers spent the end of their lives in debtors' prison, but English commoners had little sympathy for the plight of rich financiers - a sentiment echoed after the financial crisis of 2008. Ultimately, this book tells the complete story of the Merry Monarch's financial default (England's first and last) using the lens and language of modern financial products and markets. It covers the precarious history leading up to the infamous day in 1672, the intrigue surrounding the 'stop' - including those who traded on inside information beforehand - as well as the attempt by distressed creditors to gain financial restitution.
600 0 0 $a Charles $b II, $c King of England, $d 1630-1685. $3 792680
650 0 $a Default (Finance) $z Great Britain $x History $y 17th century. $3 792681
650 0 $a Finance, Public $z Great Britain $x History $y 17th century. $3 792682
650 1 4 $a Popular Science. $3 273762
650 2 4 $a Popular Science in Finance. $3 792683
650 2 4 $a Financial History. $3 739649
650 2 4 $a Banking. $2 bicssc $3 534193
650 2 4 $a Economic History. $3 739985
650 2 4 $a Macroeconomics/Monetary Economics/Financial Economics. $3 737439
651 0 $a Great Britain $x Economic policy $y 1979-1997. $3 381151
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer eBooks
856 4 0 $u http://dx.doi.org/10.1007/978-3-319-59987-8
950 $a Economics and Finance (Springer-41170)