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Moving Money
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Details

  • 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

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Hardback

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

In stock

$113.00 (C)

Daniel Verdier's analysis of how politics influences financial systems focuses mainly on the history of banking since 1850. Verdier shows that contrasting national political institutions have led to discrete regulatory policies, and thus, different financial structures. He asserts that national political systems can counter the convergence that the market dynamic would otherwise impose. Illustratively, countries with decentralized institutions tend to have higher levels of financial regulation and less mobile capital.

Contents

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.

Review

"I highly recommend _Moving Money_ to anyone interested in comparative economic history, financial systems, or financial history. The book's connections between political and financial structure represent an original and important contribution." EH.NET, Scott A. Redenius, Department of Economics, Bryn Mawr College

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