The Origins and Development of Financial Markets and Institutions

From the Seventeenth Century to the Present

Business & Finance, Economics, Economic History, Nonfiction, History
Cover of the book The Origins and Development of Financial Markets and Institutions by , Cambridge University Press
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Author: ISBN: 9780511847080
Publisher: Cambridge University Press Publication: March 16, 2009
Imprint: Cambridge University Press Language: English
Author:
ISBN: 9780511847080
Publisher: Cambridge University Press
Publication: March 16, 2009
Imprint: Cambridge University Press
Language: English

Collectively, mankind has never had it so good despite periodic economic 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 economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations 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 economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Collectively, mankind has never had it so good despite periodic economic 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 economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations 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 economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.

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