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Financial systems and economic growth : credit, crises, and regulation from the 19th century to the present / Ed. by Peter L. Rousseau and Paul Wachtel

By: Rousseau, Peter L, Ed.
Contributor(s): Rousseau, Peter L, Ed | Wachtel, Paul, Ed.
Series: Studies in macroeconomic history.Publisher: New York: Cambridge University Press, 2017Description: 292 p.ISBN: 9781107141094.Subject(s): Economic development | Finance, Public | Monetary policy | Banks and banking | BUSINESS & ECONOMICS / Development / Economic DevelopmentDDC classification: 332 Online resources: Click here to access online Summary: "An important literature on comparative long-run economic growth focuses on financial development. This work in economic history strongly complements the extensive empirical research by King and Levine (1993) and many others who have established a strong connection between financial development and subsequent economic growth. Rousseau and Sylla (2003) develop the concept of financial revolutions. They argue based on the history of the Netherlands, Great Britain, the United States, France, Germany and Japan, that these countries grew rapidly after financial revolutions which created "good" financial systems. Such systems have five key components: sound public finance and public debt management; a stable monetary regime; a banking system; a central bank; and well- functioning securities markets"--
List(s) this item appears in: New Additions March-April 2019
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Books Books Mahatma Gandhi University Library
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332 Q7 (Browse shelf) Available 59341
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"An important literature on comparative long-run economic growth focuses on financial development. This work in economic history strongly complements the extensive empirical research by King and Levine (1993) and many others who have established a strong connection between financial development and subsequent economic growth. Rousseau and Sylla (2003) develop the concept of financial revolutions. They argue based on the history of the Netherlands, Great Britain, the United States, France, Germany and Japan, that these countries grew rapidly after financial revolutions which created "good" financial systems. Such systems have five key components: sound public finance and public debt management; a stable monetary regime; a banking system; a central bank; and well- functioning securities markets"--

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