Walter Bagehot
Walter Bagehot was a 19th-century British journalist, economist, and author, best known for his influential writings on banking and finance, particularly his advocacy for central banks to act as lenders of last resort. His ideas on the importance of providing liquidity to banks during crises have shaped modern monetary policies and were referenced in discussions about the liquidity challenges faced by banks today.
Born on Feb 03, 1826 (199 years old)
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Guyana:
Walter Bagehot wrote about the British financial system, describing it as 'by far the greatest combination of economical power and economical delicacy that the world has even seen.'
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Switzerland:
Walter Bagehot demanded that the English central bank function as a lender of last resort.
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