Unsettled Account (eBook)

The Evolution of Banking in the Industrialized World since 1800

Richard S. Grossman (Autor)

eBook Download: PDF

2010
408 Seiten
Princeton University Press (Verlag)
978-1-4008-3525-6 (ISBN)

Infos

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

Autor

Richard S. Grossman is professor of economics at Wesleyan University and a visiting scholar at the Institute for Quantitative Social Science at Harvard University.

Produkt-Details

• Erscheint lt. Verlag: 7.6.2010
• Reihe/Serie: The Princeton Economic History of the Western World
• Reihe/Serie: The Princeton Economic History of the Western World
• Zusatzinfo: 44 line illus. 18 tables.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Account (accountancy) • Accounting • asset • Bailout • balance sheet • Bank • Bank Act (Canada) • Bank Capital • bank failure • Bank for International Settlements • Banking Code • Banking in the United States • Banknote • Bank of Canada • Bank of England • Bank of Japan • Bank of New South Wales • Bank regulation • bank run • Bankruptcy • Banque de France • Baring crisis • barriers to entry • Capital requirement • Cash • Central Bank • City of Glasgow Bank • Commercial Bank • commonwealth bank • Competition • corporate action • corporation • Credit (finance) • Creditor • Currency • Currency Crisis • Customer • debt • Demand deposit • Deposit account • deposit insurance • developed country • Economic Growth • economic interventionism • Economics • economist • economy • England and Wales • Exchange Rate • Expense • Finance • Financial Crisis • Financial institution • Financial Services • Funding • Government Debt • industrialisation • Inflation • Institution • insurance • Interest • Interest Rate • Investment • Investment banking • Investor • joint-stock company • Legislation • Lender of last resort • Liability (financial accounting) • Limited liability • market liquidity • Market Value • monetary policy • money market • Money Supply • Nationalization • Payment • Political Economy • private Bank • Private Banking • Profit (economics) • Provision (accounting) • Public Finance • recapitalization • Recession • Regional bank • Reichsbank • Requirement • Reserve requirement • Risk • saving • Shareholder • Share Price • State bank • Stock Market • Supply (economics) • Tax • U.S. Bancorp • World Economy • World War II
• ISBN-10: 1-4008-3525-9 / 1400835259
• ISBN-13: 978-1-4008-3525-6 / 9781400835256