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Insider lending banks, personal connections, and economic development in industrial new england

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Nội dung chi tiết: Insider lending banks, personal connections, and economic development in industrial new england

Insider lending banks, personal connections, and economic development in industrial new england

BisideRLENDING—Banks, Personal Connections, and Economic Development in industrial New EnglandMAHMl p I AMORFAI IXInsider lendingBanks in early ninete

Insider lending banks, personal connections, and economic development in industrial new englandeenth-century New England functioned very differently from their modern counterparts. Most significantly, they lent a large proportion of their funds

to members of their own boards of directors or to others with close personal connections to the boards. In Insider Lending, Naomi R. Lamoreaux explore Insider lending banks, personal connections, and economic development in industrial new england

s the workings of this early nineteenth-century banking system - how and how well it functioned and the way it was regarded by contemporaries. She als

Insider lending banks, personal connections, and economic development in industrial new england

o traces the processes that transformed this banking system based on insider lending into a more impersonal and professional system by the end of the

BisideRLENDING—Banks, Personal Connections, and Economic Development in industrial New EnglandMAHMl p I AMORFAI IXInsider lendingBanks in early ninete

Insider lending banks, personal connections, and economic development in industrial new englandlending outweighed its costs, and banks were instrumental in financing economic development. As the banking system grew more impersonal, however, bank

s came to play a more restricted role in economic life. At the root of this change were the new information problems banks faced when they conducted m Insider lending banks, personal connections, and economic development in industrial new england

ore and more of their business at arm’s length. Difficulties in obtaining information about the creditworthiness of borrowers and in conveying informa

Insider lending banks, personal connections, and economic development in industrial new england

tion to the public about their own soundness led them to concentrate on providing short-term loans to commercial borrowers and to forsake the importan

BisideRLENDING—Banks, Personal Connections, and Economic Development in industrial New EnglandMAHMl p I AMORFAI IXInsider lendingBanks in early ninete

Insider lending banks, personal connections, and economic development in industrial new englandthe seriesClaudia GoldinUnderstanding the Gender Gap: An Economic History of American Women(Oxford University Press, 1990)Roderick Floud, Kenneth Wach

ter, and Annabel GregoryHeight, Health and History: Nutritional Status in the United Kingdom, 1750-1980 (Cambridge University Press, 1990)Robert A. Ma Insider lending banks, personal connections, and economic development in industrial new england

rgoRace and Schooling in the South, 1880-1950. An Economic History (University of Chicago Press, 1990)Samuel H. Preston and Michael R. HainesFatal Yea

Insider lending banks, personal connections, and economic development in industrial new england

rs: Child Mortality in Late Nineteenth-Century America (PrincetonUniversity Press, 1991)Barry EichengrcenGolden Fetters: The Cold Standard and the Gre

BisideRLENDING—Banks, Personal Connections, and Economic Development in industrial New EnglandMAHMl p I AMORFAI IXInsider lendingBanks in early ninete

Insider lending banks, personal connections, and economic development in industrial new englandesa D. Hutchins ỉn Pursuit of Leviathan: Technology, Institutions, Productivity, and Profits inAmerican Whaling, 1816-1906Ronald N. Johnson and Gary L

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Insider lending banks, personal connections, and economic development in industrial new england

99°Kenneth L. SokoloffThe Means to Private Comfort: Early Industrialization in the American Northeast

BisideRLENDING—Banks, Personal Connections, and Economic Development in industrial New EnglandMAHMl p I AMORFAI IXInsider lendingBanks in early ninete

BisideRLENDING—Banks, Personal Connections, and Economic Development in industrial New EnglandMAHMl p I AMORFAI IXInsider lendingBanks in early ninete

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