Hostname: page-component-586b7cd67f-dsjbd Total loading time: 0 Render date: 2024-11-23T07:42:58.913Z Has data issue: false hasContentIssue false
  • English
  • Français

Northern Rock: Solutions and Problems

Published online by Cambridge University Press:  26 March 2020

Martin Weale
Martin Weale*
Affiliation:
National Institute of Economic and Social ResearchUK
Get access Rights & Permissions [Opens in a new window]

Extract

September brought the United Kingdom its first mass market bank run. Although there had been bank runs in the nineteenth century, with the last in 1866, very few people then had bank accounts so the runs were not in any sense comparable with what happened to Northern Rock, which showed a failure of mass retail banking.

Type
Articles
Information
National Institute Economic Review , Volume 202 , October 2007 , pp. 4 - 8
Copyright
Copyright © 2007 National Institute of Economic and Social Research

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Barrell, R. and Holland, D. (2007), ‘Banking crises and economic growth’, National Institute Economic Review, 202, pp. 34–41.CrossRefGoogle Scholar
Bernanke, B. (2005), ‘The Global Saving Glut and the U.S. Current Account Deficit’, Richmond, 10 March 2005, http://www.federalreserve.gov/boarddocs/speeches/2005/200503102/default.htmGoogle Scholar
Chaplin, G., Emblow, A. and Michael, I. (2000), ‘Banking system liquidity: developments and issues’, Financial Stability Report, pp. 93–112.Google Scholar
Financial Services Authority (2005), Interim Prudential Sourcebook, chapter on Sterling Stock Liquidity. http://fsahandbook.info/FSA/extra/2219.pdf.Google Scholar
Hartwick, J. (1990), ‘Natural resources, national accounting and economic depreciation’, journal of Public Economics, 43, pp. 291–304.CrossRefGoogle Scholar
Hayashi, F. (1982), ‘Tobin's Marginal q and Average q: a neoclassical interpretation’, Econometrica, 50, pp. 213–22.CrossRefGoogle Scholar
King, M. (2007a), ‘Evidence to the Treasury Select Committee’, http://www.publications.parliament.uk/pa/cm200607/cmselect/cmtreasy/uc999-i/uc99902.htm.Q90.Google Scholar
King, M. (2007b), Speech at the Northern Ireland Chamber of Commerce and Industry, 9 October, http://www.bankofengland.co.uk/publications/speeches/2007/speech324.pdfGoogle Scholar
Marran, M.G., Haskel, J. and Wallis, G. (2007), ‘What happened to the knowledge economy? ICT, intangible investment and Britain's productivity record revisited’, Queen Mary College Department of Economics, Working Paper No. 603.Google Scholar
Sefton, J. and Weale, M.R. (1996), ‘The net national product and exhaustible resources: the effects of foreign trade’, Journal of Public Economics, 61, pp. 21 -47.CrossRefGoogle Scholar
Sefton, J. and Weale, M.R. (2006), ‘The concept of income in a general equilibrium’, Review of Economic Studies, 73, pp. 219–49.CrossRefGoogle Scholar