Were Banks Special? Contrasting Viewpoints in Mid-Nineteenth Century Britain

  title={Were Banks Special? Contrasting Viewpoints in Mid-Nineteenth Century Britain},
  author={Matthew Willison},
  journal={Monetary Economics: International Financial Flows},
  • Matthew Willison
  • Published 14 September 2018
  • Economics
  • Monetary Economics: International Financial Flows
In 1853 a Royal Commission was set up to investigate whether laws related to limited liability in Britain needed to be modified. As part of its evidence gathering the commission issued a questionnaire that included a number of questions on whether banks should be subject to the same liability laws as other types of commercial enterprises. This paper analyses the responses to the questions about banks to understand whether banks were seen as a special case. Support for modifying the law to make… 
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