Open access
Sep 2026
Free to choose: Bank capital in Britain, 1878–1939
Government regulation of the banking sector is pervasive, making it difficult to empirically analyse when banks would voluntarily choose to issue equity if there were no minimum requirements on capital adequacy. A unique historical setting occurred in the late nineteenth‐century United Kingdom when joint‐stock banks...
Gareth Campbell, Lyndon Moore, John D. Turner
· The Economic History Review · 0 citations