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Help us transcribe Bank of England's daily transactional data before and after crisis years in the late nineteenth century
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The Bank of England as Lender of Last Resort: New Historical Evidence from Daily Transactional Data Statistics
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About The Bank of England as Lender of Last Resort: New Historical Evidence from Daily Transactional Data
The Bank of England archive has digitised the Bank's daily discount office ledgers from 1847 to 1916 and we need your help to transcribe these images in utilising information on the price, quality and geographical source of the bills of exchange discounted by the Bank. This will allow us test whether and to what extent during the 1847 - 1916 period the Bank of England adhered to Walter Bagehot's dictum that a central bank during a financial crisis should (i) lend cash freely (ii) at a penalty rate (iii) in change for "good" collateral.