Today we begin a 3-part series of posts telling the story of a period of financial boom and bust in British economic history, when crises hit with almost clockwork regularity: 1847, 1857 and 1866. We delved deep into the Bank’s archives to reveal letters exchanged between Governors and Chancellors of the Exchequer temporarily suspending the law, read the diary entries of the people at the heart of the turmoil, and perused the Bank’s ledgers of the time to bring the crises to life. Together these three episodes were crucial in shaping the evolution of the Bank’s role into what we now think of as a central bank; the lessons learned during this time resulted in half a century of financial stability and are as relevant now as they were then.
Continue reading “Christmas special: Financial Crises in the 19th century”
Today Bank Underground celebrates its first birthday! We took our first steps into the blogosphere at 8:24am on Friday 19 June 2015. In our first year, we’ve published almost 100 posts and recorded over 400,000 views. So which posts have been most popular with our readers?
Continue reading “Bank Underground is a year old!”
The blog will be taking a well-earned rest over the festive season, so to keep you amused over the break we are pleased to unveil the inaugural the Bank Underground Christmas Quiz! The ten yuletide themed questions will test your knowledge of a variety of economics, finance and central banking related subjects…
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Since we launched the blog, we’ve valued the fact that readers have responded to posts either by blogging in response, tweeting about them, or emailing us. I’m pleased to say we are now taking this engagement a step further by allowing you, our readers, to post comments on the blog itself.
Continue reading “Commenting on Bank Underground posts”
Bank Underground is a new blog written by staff at the Bank of England. Our goal is to bring more of our thinking into the public domain and to showcase our analytical and research output. We hope to contribute to the wider debate on areas that are relevant to the Bank’s work.
Continue reading “The Bank of England enters the blogosphere…”