‘The last acre and sixpence’: views on bank liability regimes in nineteenth-century Britain
In the nineteenth century, British banking had a complete spectrum of shareholder liability regimes, ranging from pure limited to unlimited liability. Although the debate surrounding the US experience with double liability in banking is well documented, we know relatively little about the British experience of and debate about shareholder liability regimes in banking. Consequently, this article traces the development of views on shareholder liability regimes in nineteenth-century British banking. One of the main findings is that the chief argument for limited liability in British banking was based upon the perceived weaknesses of unlimited liability. In addition, it appears that much of the debate concentrated on the depositor-assuring viability of alternatives to unlimited liability.
Volume (Year): 16 (2009)
Issue (Month): 02 (October)
|Contact details of provider:|| Postal: |
Web page: http://journals.cambridge.org/jid_FHR
When requesting a correction, please mention this item's handle: RePEc:cup:fihrev:v:16:y:2009:i:02:p:111-127_99. 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: (Keith Waters)
If references are entirely missing, you can add them using this form.