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portada Insider Lending Paperback: Banks, Personal Connections, and Economic Development in Industrial new England (Nber Series on Long-Term Factors in Economic Development)
Type
Physical Book
Author
Publisher
Year
1996
Language
Inglés
Pages
194
Format
Paperback
Dimensions
22.8 x 15.2 x 1.6 cm
Weight
0.30 kg.
ISBN
052156624x
ISBN13
9780521566247
Categories

Insider Lending Paperback: Banks, Personal Connections, and Economic Development in Industrial new England (Nber Series on Long-Term Factors in Economic Development)

Naomi R. Lamoreaux (Author) · Cambridge University Press · Paperback

Insider Lending Paperback: Banks, Personal Connections, and Economic Development in Industrial new England (Nber Series on Long-Term Factors in Economic Development) - Lamoreaux, Naomi R.

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Origin: U.S.A. (Import costs included in the price)
It will be shipped from our warehouse between Wednesday, July 24 and Wednesday, July 31.
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Synopsis "Insider Lending Paperback: Banks, Personal Connections, and Economic Development in Industrial new England (Nber Series on Long-Term Factors in Economic Development)"

Today the term "insider lending" conveys an aura of abuse and corruption, of unethical, if not illegal, behavior. In early nineteenth century New England, however, insider lending was an integral aspect of the banking system. Not only was the practice an accepted fact of economic life, but, as Naomi R. Lamoreaux argues, it enabled banks (at least in this particular historical context) to play an important role in financing economic development. As the banking system evolved over the course of the century, however, lending practices became more impersonal and professional.

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