Mobilizing Money: How the World's Richest Nations Financed Industrial Growth (Japan-US Center UFJ Bank Monographs on International Financial Markets)

Mobilizing Money: How the World's Richest Nations Financed Industrial Growth (Japan-US Center UFJ Bank Monographs on International Financial Markets)

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Cod produs/ISBN: 9781107436763

Disponibilitate: La comanda in aproximativ 4 saptamani

Limba: Engleza

Nr. pagini: 280

Coperta: Paperback

Dimensiuni: 15.2 x 1.6 x 22.9 cm

An aparitie: 2014

            This book examines the origins of modern corporate finance systems during the rapid industrialization period leading up to World War I; leading to three sets of conclusions. First, modern financial systems are rooted in the past, are idiosyncratic to specific countries and are highly path-dependent.

            Therefore, to understand current financial institutions, we must take stock of the forces at play in the near and distant past. Second, financial institutions and markets do not create economic growth without significant first steps in industrial development and supporting institutions.

            Third, and most important from the modern policy standpoint, there is no 'one-size-fits-all' solution to financial system design and industrial development. Having specific types of financial institutions is far less important than developing a strong, stable and legally protected financial system with a rich diversity of institutions and vibrant markets that can adapt to changing needs.


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An aparitie 2014
Autor Caroline Fohlin
Dimensiuni 15.2 x 1.6 x 22.9 cm
Editura Cambridge University Press
Format Paperback
ISBN 9781107436763
Limba Engleza
Nr pag 280

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