British Public Debt Management Operations in the Early Nineteenth Century
| Autor: | Nesrine Bentemessek Kahia |
|---|---|
| Přispěvatelé: | Bentemessek Kahia, Nesrine, Institut de Recherche en Gestion (IRG), Université Paris-Est Marne-la-Vallée (UPEM)-Université Paris-Est Créteil Val-de-Marne - Paris 12 (UPEC UP12), Université Paris-Est Créteil Val-de-Marne - Paris 12 (UPEC UP12)-Université Paris-Est Marne-la-Vallée (UPEM) |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
060106 history of social sciences
media_common.quotation_subject Financial system IRG_AXE1 [QFIN.CP]Quantitative Finance [q-fin]/Computational Finance [q-fin.CP] JEL: G - Financial Economics [SHS.HISPHILSO]Humanities and Social Sciences/History Philosophy and Sociology of Sciences Tax revenue State (polity) [SHS.HISPHILSO] Humanities and Social Sciences/History Philosophy and Sociology of Sciences Debt 0502 economics and business 0601 history and archaeology 050207 economics [SHS.ECO] Humanities and Social Sciences/Economics and Finance JEL: H - Public Economics ComputingMilieux_MISCELLANEOUS media_common Solvency [QFIN.CP] Quantitative Finance [q-fin]/Computational Finance [q-fin.CP] 05 social sciences 06 humanities and the arts Payment [SHS.ECO]Humanities and Social Sciences/Economics and Finance Fiscal policy Market liquidity Cash Business JEL: N - Economic History |
| Zdroj: | Research in the History of Economic Thought and Methodology Research in the History of Economic Thought and Methodology, Elsevier, 2020 |
| ISSN: | 0743-4154 |
| Popis: | In this chapter, we explain this concomitance by the effective policies of sovereign debt management put in place by the State and the Bank of England (BoE). First, the State put in place measures to lower its risk of default by funding its debt with tax revenue that would allow it to honour due payments. Second, following the suspension in 1797 of cash payments for pounds sterling, the BoE, in addition to its role in financing the State, followed an active policy of sovereign debt management, promoting both bank liquidity and market liquidity. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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