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):

Series: Studies in macroeconomic historyPublication details: New York: Cambridge University Press, 2017.Description: 292 pISBN:

9781107141094

Subject(s):

DDC classification:

332 Q7

Online resources:

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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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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Mahatma Gandhi University Library General Stacks	332 Q7 (Browse shelf(Opens below))	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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