The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Baring Crisis of 1890

  • Marc Weidenmier
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2958

Abstract

The Baring crisis of 1890 is one of the world’s most famous financial crises over the last 200 years. The crisis is well known because the Bank of England put together a rescue fund to save the House of Baring. The investment banking firm was in financial trouble because it was the primary debt issuer for Argentina which was experiencing an economic and financial downturn.The Baring crisis is regarded as an early example of a central bank playing the role of a lender of last resort.

Keywords

Argentina Banking Baring Banking crises Latin America Lender of last resort 
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Bibliography

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Marc Weidenmier
    • 1
  1. 1.