Insider Lending - Banks, Personal Connections, Economic Development in Industrial New

Klappentext This book explores the important role that insider lending played in the economic development of early nineteenth-century New England. Zusammenfassung This book! first published in 1994! explores the important role that insider lending played in the economic development of early nineteenth-century New England. Ironically! when banks began to lend more and more of their funds at arm's length! information problems forced them to restrict their activities to short-term commercial lending. Inhaltsverzeichnis Acknowledgements; Introduction; 1. Vehicles for accumulating capital; 2. Insider lending and Jacksonian hostility towards banks; 3. Engines of economic development; 4. The decline of insider lending and the problem of determining creditworthiness; 5. Professionalization and specialization; 6. The merger movement in banking; Conclusion.

Product details

• Authors: Naomi Lamoreaux, Naomi R. Lamoreaux, Naomi R. (University of California Lamoreaux, National Bureau of Economic Research
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Paperback / Softback
• Released: 28.08.1996
• EAN: 9780521566247
• ISBN: 978-0-521-56624-7
• No. of pages: 194
• Series: NBER Series on Long-Term Facto
• Subject: Social sciences, law, business > Business > General, dictionaries