Emergence of the Modern Framework, 1850–1913
In the second half of the nineteenth century the financial sector of the British economy became subject to forces of change which were to alter it almost beyond recognition. The growth of international trade, in which Britain took full part, meant that banking and other financial institutions had to become responsive to and be involved in the conduct and finance of foreign trade and in the international movement of capital.
KeywordsMoney Market Market Rate Limited Liability Company Bank Reserve Bank Rate
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