Day the king defaulted, the: financial lessons from the stop of the exchequer in 1672
Auteur :
Milevsky, Moshe Arye
Éditeur :
Springer International Publishing AG
ISBN :
9783319599861
Date de publication :
2 oct. 2017
Dimensions :
21,0 x 14,8 cm
Langue :
Anglais
Pays d'origine :
Suisse
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.