Mobilizing money : how the world's richest nations financed industrial growth

The Resource Mobilizing money : how the world's richest nations financed industrial growth
Label
Mobilizing money : how the world's richest nations financed industrial growth
Title remainder
how the world's richest nations financed industrial growth
Statement of responsibility
Caroline Fohlin
Creator
Subject
Genre
Language
eng
Summary
"This book examines the origins of modern corporate finance systems during the rapid industrialization period leading up to World War I; leading to three sets of conclusions. First, modern financial systems are rooted in the past, are idiosyncratic to specific countries and are highly path-dependent. Therefore, to understand current financial institutions, we must take stock of the forces at play in the near and distant past. Second, financial institutions and markets do not create economic growth without significant first steps in industrial development and supporting institutions. Third, and most important from the modern policy standpoint, there is no 'one-size-fits-all' solution to financial system design and industrial development. Having specific types of financial institutions is far less important than developing a strong, stable and legally protected financial system with a rich diversity of institutions and vibrant markets that can adapt to changing needs"--Provided by publisher
Member of
Cataloging source
N$T
Dewey number
332.1
Illustrations
illustrations
Index
index present
LC call number
HG1551
LC item number
.F64 2012eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
Japan-US Center UFJ Bank monographs on international financial markets
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