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Northern Rock: Solutions and Problems

Published online by Cambridge University Press:  26 March 2020

Martin Weale
Martin Weale*
Affiliation:
National Institute of Economic and Social ResearchUK
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Extract

September brought the United Kingdom its first mass market bank run. Although there had been bank runs in the nineteenth century, with the last in 1866, very few people then had bank accounts so the runs were not in any sense comparable with what happened to Northern Rock, which showed a failure of mass retail banking.

Type
Articles
Information
National Institute Economic Review , Volume 202 , October 2007 , pp. 4 - 8
Copyright
Copyright © 2007 National Institute of Economic and Social Research

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