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Financial Systems and Economic Growth: Credit, Crises, and Regulation from the 19th Century to the Present
Peter L. Rousseau
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Description for Financial Systems and Economic Growth: Credit, Crises, and Regulation from the 19th Century to the Present
hardcover. Editor(s): Rousseau, Peter L.; Wachtel, Paul. Series: Studies in Macroeconomic History. BIC Classification: KCZ. Category: (U) Tertiary Education (US: College). .
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 ... Read more
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 ... Read more
Product Details
Format
Hardback
Publication date
2017
Publisher
Cambridge University Press
Condition
New
Series
Studies in Macroeconomic History
Number of Pages
308
Place of Publication
Cambridge, United Kingdom
ISBN
9781107141094
SKU
V9781107141094
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-16
About Peter L. Rousseau
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 ... Read more
Reviews for Financial Systems and Economic Growth: Credit, Crises, and Regulation from the 19th Century to the Present
'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 ... Read more