Cambridge Catalogue  
  • Your account
  • View basket
  • Help
Home > Catalogue > Moving Money
Moving Money


  • 35 b/w illus. 23 tables
  • Page extent: 326 pages
  • Size: 228 x 152 mm
  • Weight: 0.628 kg

Library of Congress

  • Dewey number: 332.1
  • Dewey version: 21
  • LC Classification: HG1551 .V47 2002
  • LC Subject headings:
    • Banks and banking--Case studies
    • Finance--Case studies
    • Decentralization in government--Case studies

Library of Congress Record

Add to basket


 (ISBN-13: 9780521814133 | ISBN-10: 0521814138)

Available, despatch within 3-4 weeks

US $113.00
Singapore price US $120.91 (inclusive of GST)

Moving Money analyses the influence of politics on financial systems. Daniel Verdier examines how information asymmetry and economies of scale over time have created a redistributional conflict between large and small banks, financial centres and their peripheries, and he discusses how governments have attempted to arbitrate this conflict. He argues that centralized states have tended to create concentrated, internationalized, market-based and specialized financial systems, whereas decentralized states have favoured dispersed, national, bank-based and, with a few exceptions, universal systems. Verdier then sets out to uncover the sources, political and economic, of cross-country variation in financial market organization, examining 15 to 20 OECD countries from 1850 onwards.

• The first study to compare financial outcomes in over 15 OECD countries between 1850 and 2000 • Of major interest to political scientists, economists and historians • Unique integration of politics into the study of financial market organization


Introduction; Part I. Theoretical Conjectures on Banking, Finance and Politics: 1. Capital scarcity, capital mobility, and information asymmetry: a selective overview; 2. The institutions of capital mobility; Part II. The First Expansion (1850–1913): 3. The advent of deposit banking; 4. The internationalization of finance; 5. The origins of corporate security markets; 6. The origins of universal banking; Part III. The Second Expansion (1960–2000): 7. Sectoral realignment; 8. The globalization of banking; 9. The growth of security markets; 10. Choosing the right product mix; Conclusion.

printer iconPrinter friendly version AddThis