IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

L'impact de la loi de 1862 généralisant la responsabilité limitée au secteur bancaire et financier sur la crise anglaise de 1866

Listed author(s):
  • David Foucaud
Registered author(s):

    The English crisis of 1866 is still a mystery about its causes and its effects. It is difficult to understand why just England was hit whereas the others countries of Europe remained safe. The main effect of the crisis, a general distrust of all the countries of Europe about England, is difficult to understand too. The idea exposed in this paper is that the crisis of 1866 was provoked by the deregulation of 1862, which allowed every company to register under the limited liability principle. This act deeply changed the behavior of the entrepreneurs. This change led to the appearance of a systemic risk in the banking sector. By this way, we can explain why no contagion appeared and why European countries distrusted England. Classification JEL : F3, G 1

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: free

    File URL:
    Download Restriction: free

    Article provided by Presses de Sciences-Po in its journal Revue économique.

    Volume (Year): 62 (2011)
    Issue (Month): 5 ()
    Pages: 867-897

    in new window

    Handle: RePEc:cai:recosp:reco_625_0867
    Contact details of provider: Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_625_0867. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.