The Origins of National Financial Systems: Alexander Gerschenkron Reconsidered

1st Edition

Douglas J. Forsyth, Daniel Verdier

Published November 21, 2002
Reference - 256 Pages
ISBN 9780415301688 - CAT# RU25645
Series: Routledge Explorations in Economic History

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Since the nineteenth century, there has been an accepted distinction between financial systems that separate commercial and investment banking and those that do not. This comprehensive collection aims to establish how and why financial systems develop, and how knowledge of financial differentiation in the nineteenth century may afford insight into the development of contemporary banking structure.

This book poses a systematic challenge to Alexander Gerschenkron's 1950s thesis on universal banks. With contributions from leading scholars such as Ranald Michie and Jaime Reis, this well written book provides solid and intriguing arguments throughout.

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