The Origins and Development of Financial Markets and Institutions

出版者:Cambridge University Press

作者:Atack, Jeremy (EDT)/ Neal, Larry (EDT)

页数:496

出版时间:2009-4-9

价格:GBP 93.00

装帧:Hardcover

isbn号码:9780521895170

图书标签:金融

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.