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Books > History > History of specific subjects > Economic history
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Financial Systems and Economic Growth - Credit, Crises, and Regulation from the 19th Century to the Present (Paperback)
Loot Price: R1,085
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Financial Systems and Economic Growth - Credit, Crises, and Regulation from the 19th Century to the Present (Paperback)
Series: Studies in Macroeconomic History
Expected to ship within 10 - 15 working days
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Throughout much of the twentieth century, economists paid little
heed to the role of financial intermediaries in procuring a
beneficial allocation of capital. By the end of the century,
however, some financial historians had begun to turn the tide, and
the phrase 'finance-growth nexus' became part of the lexicon of
modern economics. Recent experience has added another dimension in
that countries with broader, deeper and more active financial
systems might be prone to financial crises, particularly if
regulatory structures are inadequate. In this book, Peter L.
Rousseau and Paul Wachtel have gathered together some of today's
most distinguished financial historians to examine this
finance-growth nexus from both historical and modern perspectives.
Some essays examine the nexus in a particular historical or
cross-country context. Others, in the light of recent experience,
explore the expanded nexus of finance, growth, crises, and
regulation.
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