UID:
almafu_9959244429202883
Format:
1 online resource (xiii, 311 pages) :
,
digital, PDF file(s).
Edition:
1st ed.
ISBN:
1-107-13363-7
,
1-280-43410-4
,
0-511-17889-1
,
0-511-04247-7
,
0-511-14886-0
,
0-511-30605-9
,
0-511-49188-3
,
0-511-04560-3
Content:
Moving Money analyses the influence of politics on financial systems. Daniel Verdier examines how information asymmetry and economies of scale over time have created a redistributional conflict between large and small banks, financial centres and their peripheries, and he discusses how governments have attempted to arbitrate this conflict. He argues that centralized states have tended to create concentrated, internationalized, market-based and specialized financial systems, whereas decentralized states have favoured dispersed, national, bank-based and, with a few exceptions, universal systems. Verdier then sets out to uncover the sources, political and economic, of cross-country variation in financial market organization, examining 15 to 20 OECD countries from 1850 onwards.
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
,
Theoretical Conjectures on Banking, Finance and Politics -- Capital scarcity, capital mobility, and information asymmetry: a survey -- The institutions of capital mobility -- The First Expansion (1850-1913) -- The advent of deposit banking -- The internationalization of finance -- The origins of corporate security markets -- The origins of universal banking -- The Second Expansion (1960-2000) --Sectoral realignment -- The globalization of banking -- The growth of security markets -- Choosing the right product mix.
,
English
Additional Edition:
ISBN 0-521-89112-4
Additional Edition:
ISBN 0-521-81413-8
Language:
English
Subjects:
Economics
URL:
Volltext
(lizenzpflichtig)
URL:
https://doi.org/10.1017/CBO9780511491887
Bookmarklink
