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Banking, Currency, and Finance in Europe Between the Wars$
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Charles H. Feinstein

Print publication date: 1995

Print ISBN-13: 9780198288039

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198288034.001.0001

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Commercial Banking in Britain Between the Wars

Commercial Banking in Britain Between the Wars

Chapter:
(p.395) 15 Commercial Banking in Britain Between the Wars
Source:
Banking, Currency, and Finance in Europe Between the Wars
Author(s):

Forrest Capie

Publisher:
Oxford University Press
DOI:10.1093/0198288034.003.0016

Britain had a highly developed financial sector and the salient features of banking in the inter‐war period included an experienced central bank and a small number of large, financially stable, commercial banks. Their structure was based on large branch networks rather than unit banks and this, together with the absence of universal banks, proved extremely stable in the face of the world economic depression. The British banking system did not experience the shocks that caused crises in many other countries, and it is probable that its stability provided protection for the real economy.

Keywords:   banking system, banks, branch networks, Britain, central bank, commercial banks, financial sector, Great Depression, stability, universal banks

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