Chapter

Commercial Banking in Britain Between the Wars

Forrest Capie

in Banking, Currency, and Finance in Europe Between the Wars

Published in print September 1995 | ISBN: 9780198288039
Published online November 2003 | e-ISBN: 9780191596230 | DOI: http://dx.doi.org/10.1093/0198288034.003.0016
 Commercial Banking in Britain Between the Wars

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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

Chapter.  7927 words. 

Subjects: Macroeconomics and Monetary Economics

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