Fri 11 May 2007
Woke up around 815 and grabbed a cappuccino from the cafe across from the museum. For class, we had a lecture/discussion for about three hours on the previous day’s visitation to UBS. It was actually rather interesting because with only 10 of us, the discussion of topics feeds more like an engaged debate and analysis of what we’ve seen and read. It actually doesn’t feel like we’ve been sitting in class for that long and thus, makes the academic part of this trip all the more interesting.
After class, we went out for a brief lunch before taking off to the Bank of England Museum. There, we got to tour around the museum and then were shown a movie about what the purpose of the Bank of England is and how it adjusts the interest rates to control inflation. Since the Bank of England is analogous to the Federal Reserve Board in the US, I think getting inside the museum, seeing the history of banking, and even hearing a more in-depth explanation of the banking system seemed to give me a better understanding of the American central banking system. The docent followed up with a nice informal discussion with us on central banking, what conditions have been like here in England, Eurozone potential, and more. It was actually a real neat experience.
The museum tour wasn’t overly long, so when we were done and everyone else had headed back to wherever, I decided I was going to walk over to the London Stock Exchange before it closed, hoping to get a a glimpse at the NYSE’s transatlantic rival. To my dismay it was actually rather dull, lifeless, modern, and boring, requiring little more than a cursory look before I jumped on a double-decker bus home. Charles and I went to seek a WiFi connection at this small cafe around the block and then out to dinner at Spaghetti House. When we got home, I fell asleep nearly right away.