The Origins and Development of Financial Markets and Institutions: From the Seventeenth Century to the Present

The Origins and Development of Financial Markets and Institutions: From the Seventeenth Century to the Present

by Jeremy Atack
     
 

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

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Overview

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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Editorial Reviews

From the Publisher
"This volume offers a substantial contribution to scholarship that will be of interest to many readers.... Recommended." - Choice

Product Details

ISBN-13:
9780521154765
Publisher:
Cambridge University Press
Publication date:
11/25/2010
Edition description:
Reissue
Pages:
496
Product dimensions:
5.90(w) x 9.00(h) x 1.30(d)

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