Unsettled Account – The Evolution of Banking in the Industrialized World since 1800 The Evolution of Banking in the Industrialized World since 1800

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  • Engels
  • Paperback
  • 9780691202785
  • 26 mei 2020
  • 408 pagina's
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Commercial banks are among the oldest and most familiar financial institutions. When they work well, we hardly notice; when they do not, we rail against them. What are the historical forces that have shaped the modern banking system? In Unsettled Account, Richard Grossman takes the first truly comparative look at the development of commercial banki



A sweeping look at the evolution of commercial banks over the past two centuries

Commercial banks are among the oldest and most familiar financial institutions. When they work well, we hardly notice; when they do not, we rail against them. What are the historical forces that have shaped the modern banking system? In Unsettled Account, Richard Grossman takes the first truly comparative look at the development of commercial banking systems over the past two centuries in Western Europe, the United States, Canada, Japan, and Australia. Grossman focuses on four major elements that have contributed to banking evolution: crises, bailouts, mergers, and regulations. He explores where banking crises come from and why certain banking systems are more resistant to crises than others, how governments and financial systems respond to crises, why merger movements suddenly take off, and what motivates governments to regulate banks.

Grossman reveals that many of the same components underlying the history of banking evolution are at work today. The recent subprime mortgage crisis had its origins, like many earlier banking crises, in a boom-bust economic cycle. Grossman finds that important historical elements are also at play in modern bailouts, merger movements, and regulatory reforms.

Unsettled Account is a fascinating and informative must-read for anyone who wants to understand how the modern commercial banking system came to be, where it is headed, and how its development will affect global economic growth.

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Taal
en
Bindwijze
Paperback
Oorspronkelijke releasedatum
26 mei 2020
Aantal pagina's
408
Illustraties
Nee

Betrokkenen

Hoofdauteur
Richard S. Grossman
Tweede Auteur
Richard Grossman
Hoofduitgeverij
Princeton University Press

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Extra groot lettertype
Nee
Product breedte
156 mm
Product lengte
225 mm
Studieboek
Ja
Verpakking breedte
151 mm
Verpakking hoogte
26 mm
Verpakking lengte
233 mm
Verpakkingsgewicht
761 g

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EAN
9780691202785

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