Dr Paul Kosmetatos Scottish Banking and the 1772-1773 Banking Crisis

Fri 22 March 2019

The 1772-1773 credit crisis, with its disproportionately severe impact in Scotland highlighted by the collapse of the large and ambitious Ayr Bank (Douglas, Heron & Co.) has always struck a contrarian note to this last part of the argument.

In this lecture Paul Kosmetatos, focusing on the crisis of 1772-1773, seeks to refute the case that free banking was a robust form of commercial banking capable of operating without a Lender of Last Resort.

Dr. Paul Kosmetatos is a former structured derivatives trader in the City of London. After twelve years in The City he studied for a PhD in Financial History at The University of Cambridge. Dr. Kosmetatos is now a Lecturer in International Economic History at the University of Edinburgh.

Recent lectures

Emma Slade (Lopen Ani Pema Deki) on Gross National Happiness – What Lessons Can We Learn from the Realities of this Bhutanese Vision?

Thu 27 June 2024

On Thursday 27th June 2024 – Emma Slade (Lopen Ani Pema Deki) will discuss Gross National Happiness – What Lessons Can We Learn from the…

View Lecture →

May East on Urban planning errors. The double mistake of modernism and the motorisation of our lifestyles

Wed 19 June 2024

May East will talk about Urban planning errors. The double mistake of modernism and the motorisation of our lifestyles.  

View Lecture →

Robbie Mochrie on How to think like an economist

Wed 29 May 2024

How to think like an economist might be a misleading name for a book because it suggests that there is a right way of doing…

View Lecture →

The Library of Mistakes Course

Advanced Valuation in Financial Markets

The online version of our renowned course, is available for both finance professionals and nonprofessionals.

As featured in the Financial Times

In conjunction with Heriot-Watt University

twoguys
Scroll to Top