The Origins and Development of Financial Markets and Institutions: From the Seventeenth Century to the Present - Hardcover

Hardcover

ISBN 10: 0521895170 ISBN 13: 9780521895170

Publisher: Cambridge University Press, 2009

Synopsis

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.

About this title

Book Description

Finance has proved to be one of the most important causal factors in economic performance. In a series of original essays, leading historians examine how financial innovations from the seventeenth century to the present have challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets.

About the Author

Larry Neal is Emeritus Professor of Economics at the University of Illinois at Urbana-Champaign, where he was founding director of the European Union Center. He is a visiting professor at the London School of Economics and a research associate with the National Bureau of Economic Research (NBER). He is the author of many books, including The Rise of Financial Capitalism (Cambridge, 1990) and The Economics of Europe and the European Union (Cambridge, 2007).

Edition details

• Publisher: Cambridge University Press
• Publication date: 2009
• Language: English
• ISBN 10: 0521895170
• ISBN 13: 9780521895170
• Binding: Hardcover
• Edition number: 1
• Number of pages: 496
• Editor: Atack Jeremy, Neal Larry