skip to content
The Day the King Defaulted : Financial Lessons from the Stop of the Exchequer in 1672. Preview this item
ClosePreview this item
Checking...

The Day the King Defaulted : Financial Lessons from the Stop of the Exchequer in 1672.

Author: Moshe Arye Milevsky
Publisher: Cham : Springer International Publishing, 2017.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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,  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Milevsky, Moshe Arye.
Day the King Defaulted : Financial Lessons from the Stop of the Exchequer in 1672.
Cham : Springer International Publishing, ©2017
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Moshe Arye Milevsky
ISBN: 9783319599878 3319599879
OCLC Number: 1004611979
Description: 1 online resource (230 pages)

Abstract:

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.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Related Subjects:(1)

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1004611979> # The Day the King Defaulted : Financial Lessons from the Stop of the Exchequer in 1672.
    a schema:CreativeWork, schema:Book, schema:MediaObject ;
    library:oclcnum "1004611979" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/4504407626#Place/cham> ; # Cham
    schema:about <http://experiment.worldcat.org/entity/work/data/4504407626#Topic/macroeconomics> ; # Macroeconomics
    schema:about <http://dewey.info/class/330.9/> ;
    schema:bookFormat schema:EBook ;
    schema:creator <http://experiment.worldcat.org/entity/work/data/4504407626#Person/milevsky_moshe_arye> ; # Moshe Arye Milevsky
    schema:datePublished "2017" ;
    schema:description "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."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/4504407626> ;
    schema:genre "Electronic books"@en ;
    schema:inLanguage "en" ;
    schema:isSimilarTo <http://worldcat.org/entity/work/data/4504407626#CreativeWork/day_the_king_defaulted_financial_lessons_from_the_stop_of_the_exchequer_in_1672> ;
    schema:name "The Day the King Defaulted : Financial Lessons from the Stop of the Exchequer in 1672."@en ;
    schema:productID "1004611979" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/1004611979#PublicationEvent/cham_springer_international_publishing_2017> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/4504407626#Agent/springer_international_publishing> ; # Springer International Publishing
    schema:url <http://public.eblib.com/choice/publicfullrecord.aspx?p=5046793> ;
    schema:url <https://ebookcentral.proquest.com/lib/ucm/detail.action?docID=5046793> ;
    schema:url <http://dx.doi.org/10.1007/978-3-319-59987-8> ;
    schema:url <http://public.ebookcentral.proquest.com/choice/publicfullrecord.aspx?p=5046793> ;
    schema:workExample <http://worldcat.org/isbn/9783319599878> ;
    schema:workExample <http://dx.doi.org/10.1007/978-3-319-59987-8> ;
    umbel:isLike <http://bnb.data.bl.uk/id/resource/GBB972890> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1004611979> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/4504407626#Agent/springer_international_publishing> # Springer International Publishing
    a bgn:Agent ;
    schema:name "Springer International Publishing" ;
    .

<http://experiment.worldcat.org/entity/work/data/4504407626#Person/milevsky_moshe_arye> # Moshe Arye Milevsky
    a schema:Person ;
    schema:familyName "Milevsky" ;
    schema:givenName "Moshe Arye" ;
    schema:name "Moshe Arye Milevsky" ;
    .

<http://worldcat.org/entity/work/data/4504407626#CreativeWork/day_the_king_defaulted_financial_lessons_from_the_stop_of_the_exchequer_in_1672>
    a schema:CreativeWork ;
    rdfs:label "Day the King Defaulted : Financial Lessons from the Stop of the Exchequer in 1672." ;
    schema:description "Print version:" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/1004611979> ; # The Day the King Defaulted : Financial Lessons from the Stop of the Exchequer in 1672.
    .

<http://worldcat.org/isbn/9783319599878>
    a schema:ProductModel ;
    schema:isbn "3319599879" ;
    schema:isbn "9783319599878" ;
    .

<http://www.worldcat.org/title/-/oclc/1004611979>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/1004611979> ; # The Day the King Defaulted : Financial Lessons from the Stop of the Exchequer in 1672.
    schema:dateModified "2019-05-03" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.