Product Information
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.Product Identifiers
PublisherCambridge University Press
ISBN-139780521810210
eBay Product ID (ePID)111653841
Product Key Features
Number of Pages280 Pages
Publication NameMobilizing Money: How the World's Richest Nations Financed Industrial Growth
LanguageEnglish
SubjectAccounting
Publication Year2011
TypeTextbook
AuthorCaroline Fohlin
SeriesJapan-Us Center Ufj Bank Monographs on International Financial Markets
Dimensions
Item Height229 mm
Item Weight490 g
Additional Product Features
Country/Region of ManufactureUnited Kingdom
Title_AuthorCaroline Fohlin