Insider lending: banks, personal connections, and economic development in industrial new england
Auteur :
Lamoreaux, Naomi R.
Éditeur :
Cambridge University Press
ISBN :
9780521460965
Date de publication :
24 juin 1994
Dimensions :
22,9 x 15,2 x 1,4 cm
Poids :
460 g
Langue :
Anglais
Pays d'origine :
Grande Bretagne
This book, first published in 1994, explores the important role that insider lending played in the economic development of early nineteenth-century New England. Ironically, when banks began to lend more and more of their funds at arm's length, information problems forced them to restrict their activities to short-term commercial lending.