Insider lending : banks, personal connections, and economic development in industrial New England
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The work Insider lending : banks, personal connections, and economic development in industrial New England represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.
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Insider lending : banks, personal connections, and economic development in industrial New England
Resource Information
The work Insider lending : banks, personal connections, and economic development in industrial New England represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.
- Label
- Insider lending : banks, personal connections, and economic development in industrial New England
- Title remainder
- banks, personal connections, and economic development in industrial New England
- Statement of responsibility
- Naomi R. Lamoreaux
- Language
- eng
- Summary
- The term insider lending conveys an aura of abuse and corruption, of unethical, if not illegal, behaviour. In early nineteenth-century New England, however, insider lending was an integral aspect of the banking system. Not only was the practice an accepted fact of economic life, but, as Naomi R. Lamoreaux argues, it enabled banks (at least in this particular historical context) to play an important role in financing economic development. As the banking system evolved over the course of the century, however, lending practices became more impersonal and professional. Ironically, the information problems banks faced when they began to conduct more and more of their business at arm's length forced them to concentrate on providing short-term loans to commercial borrowers and to give up financing economic development. This book was first published in 1994.--
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- Provided by publisher
- Cataloging source
- UkCbUP
- Index
- index present
- Literary form
- non fiction
- Nature of contents
- dictionaries
- Series statement
- Cambridge Social Sciences eBooks
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- Insider lending : banks, personal connections, and economic development in industrial New England, Naomi R. Lamoreaux, (electronic resource)
- Insider lending : banks, personal connections, and economic development in industrial New England, Naomi R. Lamoreaux, (electronic resource)
- Insider lending : banks, personal connections, and economic development in industrial New England, Naomi R. Lamoreaux, (electronic resource)
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/resource/PFTKB0YDL1E/" typeof="CreativeWork http://bibfra.me/vocab/lite/Work"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/resource/PFTKB0YDL1E/">Insider lending : banks, personal connections, and economic development in industrial New England</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>