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Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England
     

Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England

by Naomi R. Lamoreaux
 

ISBN-10: 0521460964

ISBN-13: 9780521460965

Pub. Date: 07/28/2013

Publisher: Cambridge University Press

Insider lending was an integral aspect of the banking system in early nineteenth century New England. Not only was the practice an accepted fact of economic life, but as this text argues, it enabled banks to play an important role in financing economic development.

Overview

Insider lending was an integral aspect of the banking system in early nineteenth century New England. Not only was the practice an accepted fact of economic life, but as this text argues, it enabled banks to play an important role in financing economic development.

Product Details

ISBN-13:
9780521460965
Publisher:
Cambridge University Press
Publication date:
07/28/2013
Series:
National Bureau of Economic Research Series
Pages:
182
Product dimensions:
5.98(w) x 8.98(h) x 0.55(d)

Table of Contents

Acknowledgements; Introduction; 1. Vehicles for accumulating capital; 2. Insider lending and Jacksonian hostility towards banks; 3. Engines of economic development; 4. The decline of insider lending and the problem of determining creditworthiness; 5. Professionalization and specialization; 6. The merger movement in banking; Conclusion.

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