The article titled "An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime," published in The Journal of Economic History, Vol. 78, No. 2, misstated the role of the British Treasury in the Barings Crisis on page 335. The British Treasury did not guarantee the syndicate and "bad bank" from loss. The Treasury did accept a partial and temporary risk of loss on Barings' bills discounted at the Bank of England over a one-day period as the syndicate was formed.
All Science Journal Classification (ASJC) codes
- Economics and Econometrics
- Economics, Econometrics and Finance (miscellaneous)