The Origins and Development of Financial Markets and Institutions: From the Seventeenth Century to the Present by Cambridge University Press (Hardback, 2009)
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- DescriptionCollectively, mankind has never had it so good despite periodic ecomic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in ecomic performance. In a series of insightful essays, financial and ecomic historians examine how financial invations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes ecomic decline has followed. These essays illustrate the difficulties of co-ordinating financial invations in order to sustain their benefits for the wider ecomy, a theme that will be of interest to policy makers as well as ecomic historians.
- Author BiographyJeremy Atack is Professor of Economics and Professor of History at Vanderbilt University. He is a research associate with the National Bureau of Economic Research (NBER) and serves as co-editor of the Journal of Economic History. He is co-author of A New Economic View of American History (1994). Larry Neal is Emeritus Professor of Economics at the University of Illinois at Urbana-Champaign, where he was founding director of the European Union Center. He is a visiting professor at the London School of Economics and a research associate with the National Bureau of Economic Research (NBER). He is the author of many books, including The Rise of Financial Capitalism (Cambridge, 1990) and The Economics of Europe and the European Union (Cambridge, 2007).
- PublisherCambridge University Press
- Date of Publication16/03/2009
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationCambridge
- Country of PublicationUnited Kingdom
- ImprintCambridge University Press
- Content Note45 tables
- Weight900 g
- Width152 mm
- Height228 mm
- Spine32 mm
- Edited byJeremy Atack,Larry Neal
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