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British Banking – Continuity and Change from 1694 to the Present - Oxford Scholarship Online
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British Banking: Continuity and Change from 1694 to the Present

Ranald C. Michie


This is the first study of the entire British banking system from its origins in the late seventeenth century until the present. It analyses what made the British banking system the most resilient and trusted in the world and how it was able to maintain that for so long. It describes a process of continuous adaptation and innovation as the system responded to the challenges and opportunities that arose over three centuries, provides an explanation for the calamity that overtook the British banking system in 2007/8, and the insight required to restore it to the position it once occupied. To ach ... More

Keywords: adaptation, innovation, banking system, financial system, banking, money market, payments system, modern economy, 2007/8 crisis, trust

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780198727361
Published to Oxford Scholarship Online: December 2016 DOI:10.1093/acprof:oso/9780198727361.001.0001


Affiliations are at time of print publication.

Ranald C. Michie, author
Emeritus Professor, Durham University