Financial Systems and Economic Growth: Credit, Crises, and Regulation from the 19th Century to the Present

Author:   Peter L. Rousseau (Vanderbilt University, Tennessee) ,  Paul Wachtel
Publisher:   Cambridge University Press
ISBN:  

9781107141094


Pages:   308
Publication Date:   01 September 2017
Format:   Hardback
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

Our Price $258.75 Quantity:  
Add to Cart

Share |

Financial Systems and Economic Growth: Credit, Crises, and Regulation from the 19th Century to the Present


Add your own review!

Overview

Full Product Details

Author:   Peter L. Rousseau (Vanderbilt University, Tennessee) ,  Paul Wachtel
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Dimensions:   Width: 15.80cm , Height: 2.10cm , Length: 23.60cm
Weight:   0.570kg
ISBN:  

9781107141094


ISBN 10:   1107141095
Pages:   308
Publication Date:   01 September 2017
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

Table of Contents

Introduction Peter L. Rousseau and Paul Wachtel; 1. Growing up to stability? Financial globalization, financial development, and financial crises Michael D. Bordo and Christopher M. Meissner; 2. Episodes of financial deepening: credit booms or growth generators? Peter L. Rousseau and Paul Wachtel; 3. Financing US economic growth, 1790–1860: corporations, markets, and the real economy Robert E. Wright; 4. Banks and democracy John Joseph Wallis; 5. Finance, economic growth, and globalization in the era of the Cold War Niall Ferguson; 6. Anatomy of a regime change: underwriters' reputation, New Deal financial acts and the collapse of international capital markets, 1920–35 Marc Flandreau; 7. Protecting financial stability in the aftermath of World War I: the Federal Reserve Bank of Atlanta's dissenting policy Eugene N. White; 8. Rediscovering macro-prudential regulation: the national banking era from the perspective of 2015 Charles W. Calomiris and Mark Carlson.

Reviews

'What kind of financial system meets the needs the needs of the economy and how best to avoid excessive financialization and instability are pressing policy issues in the wake of the Great Recession and Global Financial Crisis. These are also issues on which historical evidence sheds valuable light, as the contributors to this fine volume make demonstrably clear. Not only scholars, but also policy makers and regulators, should pay heed to this book.' Barry Eichengreen, University of California, Berkley 'This is an important collection of new essays by leading economic and financial historians and economists. Covering a broad range of countries and time periods, they make an excellent and compelling case for the at times overlooked contribution of different types of financial developments to economic growth and change.' Stanley L. Engerman, University of Rochester 'In this book, some of the top financial historians in the world explain how the various parts of the complex American financial system evolved through past crises. In the process, eventually the financial system learned how to sustain economic growth. This time will not be different if their lessons from history are learned.' Larry D. Neal, University of Illinois, Urbana-Champaign


Advance praise: 'What kind of financial system meets the needs the needs of the economy and how best to avoid excessive financialization and instability are pressing policy issues in the wake of the Great Recession and Global Financial Crisis. These are also issues on which historical evidence sheds valuable light, as the contributors to this fine volume make demonstrably clear. Not only scholars, but also policy makers and regulators, should pay heed to this book.' Barry Eichengreen, University of California, Berkley Advance praise: 'This is an important collection of new essays by leading economic and financial historians and economists. Covering a broad range of countries and time periods, they make an excellent and compelling case for the at times overlooked contribution of different types of financial developments to economic growth and change.' Stanley L. Engerman, University of Rochester Advance praise: 'In this book, some of the top financial historians in the world explain how the various parts of the complex American financial system evolved through past crises. In the process, eventually the financial system learned how to sustain economic growth. This time will not be different if their lessons from history are learned.' Larry D. Neal, University of Illinois, Urbana-Champaign


Author Information

Peter L. Rousseau is Professor of Economics at Vanderbilt University, Tennessee and secretary-treasurer of the American Economic Association. He is a macroeconomist and economic historian who studies the role of financial markets and institutions in growth and development. He has published extensively in leading economic journals, including the Journal of Political Economy, the Journal of Monetary Economics, the Journal of Financial Economics and the Journal of Economic History. Paul Wachtel is Professor of Economics at New York University's Stern School of Business. He has published extensively on macroeconomics, monetary policy, and central banking. He is the co-editor of Comparative Economic Studies and a consultant to the Central Bank of Croatia.

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions
Latest Reading Guide

lgn

al

Shopping Cart
Your cart is empty
Shopping cart
Mailing List