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The origins and development of financial markets and institutions: from the seventeenth century to the present

Contributor(s): Atack, Jeremy [Editor] | Neal, Larry [Editor].
Publisher: Cambridge Cambridge University Press 2009Description: xxii, 472 p.ISBN: 9780521895170.Subject(s): Financial institutions | Capital market | Banks and bankingDDC classification: 332.109 Summary: 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 worlds financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of original essays, leading 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 coordinating 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. (Source: www.cambridge.org)
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Books Vikram Sarabhai Library
Slot 628 (0 Floor, West Wing) 332.109 O7 (Browse shelf) Available 169053

Includes bibliographical references and index.

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 worlds financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of original essays, leading 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 coordinating 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. (Source: www.cambridge.org)

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