Moshe Arye Milevsky: 1 book

Book cover of The Day the King Defaulted

The Day the King Defaulted

Financial Lessons from the Stop of the Exchequer in 1672

by Moshe Arye Milevsky
Language: English
Release Date: September 13, 2017

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...
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