the Baring crisis of 1890

Marc Weidenmier
From The New Palgrave Dictionary of Economics, Online Edition, 2009
Edited by Steven N. Durlauf and Lawrence E. Blume
Back to top

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.
Back to top

Keywords

Argentina; banking; Baring; banking crises; Latin America; lender of last resort
Back to top

Article

Back to top

How to cite this article

Weidenmier, Marc. "the Baring crisis of 1890." The New Palgrave Dictionary of Economics. Online Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2009. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 18 May 2013 <http://www.dictionaryofeconomics.com/article?id=pde2009_B000344> doi:10.1057/9780230226203.1892

Download Citation:

as RIS | as text | as CSV | as BibTex