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...