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Books > History > World history > From 1900 > Postwar, from 1945
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The Origins and Development of Financial Markets and Institutions - From the Seventeenth Century to the Present (Paperback)
Loot Price: R1,659
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The Origins and Development of Financial Markets and Institutions - From the Seventeenth Century to the Present (Paperback)
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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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