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The book offers a critical analysis of the money market, particularly focusing on the Bank of England's actions during the Overend-Gurney crisis. Bagehot, a pioneering economist, presents complex financial concepts in accessible language, making significant contributions to the understanding of international finance and banking. His principles, especially the advice for lenders of last resort during financial crises, known as "Bagehot's dictum," continue to influence economic thought and policy today. The reprint includes an introduction by Frank C. Genovese.