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Banking as an emerging technology: Hoare's Bank, 1702-1742
Temin, Peter; Voth, Joachim
Universitat Pompeu Fabra. Departament d'Economia i Empresa
London s financial market underwent dramatic change after 1700. More limitedthan Paris or Amsterdam in the seventeenth century, London became the leadingfinancial centre in Europe in the eighteenth century. There is an extensive andgrowing literature on the causes of this change, but comparatively little on thechange itself. This article provides detailed information on the operation of theLondon financial market around 1700 by describing the operations of a nascentLondon bank.
09-06-2011
Economic and Business History
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