Insider lending: banks, personal connections, and economic development in industrial New England
The term insider lending conveys an aura of abuse and corruption, of unethical, if not illegal, behaviour. In early nineteenth-century New England, however, insider lending was an integral aspect of the banking system. Not only was the practice an accepted fact of economic life, but, as Naomi R. Lam...
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Format: | Electronic Conference Proceedings eBook |
Language: | English |
Published: |
Cambridge
Cambridge University Press
1994
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Subjects: | |
Links: | https://doi.org/10.1017/CBO9780511582523 https://doi.org/10.1017/CBO9780511582523 https://doi.org/10.1017/CBO9780511582523 |
Summary: | The term insider lending conveys an aura of abuse and corruption, of unethical, if not illegal, behaviour. In early nineteenth-century New England, however, insider lending was an integral aspect of the banking system. Not only was the practice an accepted fact of economic life, but, as Naomi R. Lamoreaux argues, it enabled banks (at least in this particular historical context) to play an important role in financing economic development. As the banking system evolved over the course of the century, however, lending practices became more impersonal and professional. Ironically, the information problems banks faced when they began to conduct more and more of their business at arm's length forced them to concentrate on providing short-term loans to commercial borrowers and to give up financing economic development. This book was first published in 1994 |
Item Description: | Title from publisher's bibliographic system (viewed on 05 Oct 2015) |
Physical Description: | 1 online resource (xiii, 170 pages) |
ISBN: | 9780511582523 |
DOI: | 10.1017/CBO9780511582523 |
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520 | |a The term insider lending conveys an aura of abuse and corruption, of unethical, if not illegal, behaviour. In early nineteenth-century New England, however, insider lending was an integral aspect of the banking system. Not only was the practice an accepted fact of economic life, but, as Naomi R. Lamoreaux argues, it enabled banks (at least in this particular historical context) to play an important role in financing economic development. As the banking system evolved over the course of the century, however, lending practices became more impersonal and professional. Ironically, the information problems banks faced when they began to conduct more and more of their business at arm's length forced them to concentrate on providing short-term loans to commercial borrowers and to give up financing economic development. This book was first published in 1994 | ||
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author | Lamoreaux, Naomi R. 1950- |
author_GND | (DE-588)128832142 |
author_facet | Lamoreaux, Naomi R. 1950- |
author_role | aut |
author_sort | Lamoreaux, Naomi R. 1950- |
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building | Verbundindex |
bvnumber | BV043928167 |
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contents | 1. Vehicles for accumulating capital -- 2. Insider lending and Jacksonian hostility toward banks -- 3. Engines of economic development -- 4. The decline of insider lending and the problem of determining creditworthiness -- 5. Professionalization and specialization -- 6. The merger movement in banking |
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dewey-tens | 330 - Economics |
discipline | Geschichte Wirtschaftswissenschaften |
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isbn | 9780511582523 |
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spelling | Lamoreaux, Naomi R. 1950- Verfasser (DE-588)128832142 aut Insider lending banks, personal connections, and economic development in industrial New England Naomi R. Lamoreaux Cambridge Cambridge University Press 1994 1 online resource (xiii, 170 pages) txt rdacontent c rdamedia cr rdacarrier Title from publisher's bibliographic system (viewed on 05 Oct 2015) 1. Vehicles for accumulating capital -- 2. Insider lending and Jacksonian hostility toward banks -- 3. Engines of economic development -- 4. The decline of insider lending and the problem of determining creditworthiness -- 5. Professionalization and specialization -- 6. The merger movement in banking The term insider lending conveys an aura of abuse and corruption, of unethical, if not illegal, behaviour. In early nineteenth-century New England, however, insider lending was an integral aspect of the banking system. Not only was the practice an accepted fact of economic life, but, as Naomi R. Lamoreaux argues, it enabled banks (at least in this particular historical context) to play an important role in financing economic development. As the banking system evolved over the course of the century, however, lending practices became more impersonal and professional. Ironically, the information problems banks faced when they began to conduct more and more of their business at arm's length forced them to concentrate on providing short-term loans to commercial borrowers and to give up financing economic development. This book was first published in 1994 Geschichte 1800-1900 Geschichte 1830-1914 gnd rswk-swf Bank Geschichte Banks and banking / New England / History / 19th century Commercial loans / New England / History / 19th century Economic development projects / New England / Finance / History / 19th century Asset-backed financing / New England / History / 19th century Kreditgewährung (DE-588)4132159-5 gnd rswk-swf Kreditwesen (DE-588)4032950-1 gnd rswk-swf Bank (DE-588)4004436-1 gnd rswk-swf Neuengland (DE-588)4075306-2 gnd rswk-swf Neuengland (DE-588)4075306-2 g Bank (DE-588)4004436-1 s Kreditgewährung (DE-588)4132159-5 s Geschichte 1830-1914 z 1\p DE-604 Kreditwesen (DE-588)4032950-1 s 2\p DE-604 National Bureau of Economic Research issuing body Sonstige oth Erscheint auch als Druckausgabe 978-0-521-46096-5 Erscheint auch als Druckausgabe 978-0-521-56624-7 https://doi.org/10.1017/CBO9780511582523 Verlag URL des Erstveröffentlichers Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Lamoreaux, Naomi R. 1950- Insider lending banks, personal connections, and economic development in industrial New England 1. Vehicles for accumulating capital -- 2. Insider lending and Jacksonian hostility toward banks -- 3. Engines of economic development -- 4. The decline of insider lending and the problem of determining creditworthiness -- 5. Professionalization and specialization -- 6. The merger movement in banking Bank Geschichte Banks and banking / New England / History / 19th century Commercial loans / New England / History / 19th century Economic development projects / New England / Finance / History / 19th century Asset-backed financing / New England / History / 19th century Kreditgewährung (DE-588)4132159-5 gnd Kreditwesen (DE-588)4032950-1 gnd Bank (DE-588)4004436-1 gnd |
subject_GND | (DE-588)4132159-5 (DE-588)4032950-1 (DE-588)4004436-1 (DE-588)4075306-2 |
title | Insider lending banks, personal connections, and economic development in industrial New England |
title_auth | Insider lending banks, personal connections, and economic development in industrial New England |
title_exact_search | Insider lending banks, personal connections, and economic development in industrial New England |
title_full | Insider lending banks, personal connections, and economic development in industrial New England Naomi R. Lamoreaux |
title_fullStr | Insider lending banks, personal connections, and economic development in industrial New England Naomi R. Lamoreaux |
title_full_unstemmed | Insider lending banks, personal connections, and economic development in industrial New England Naomi R. Lamoreaux |
title_short | Insider lending |
title_sort | insider lending banks personal connections and economic development in industrial new england |
title_sub | banks, personal connections, and economic development in industrial New England |
topic | Bank Geschichte Banks and banking / New England / History / 19th century Commercial loans / New England / History / 19th century Economic development projects / New England / Finance / History / 19th century Asset-backed financing / New England / History / 19th century Kreditgewährung (DE-588)4132159-5 gnd Kreditwesen (DE-588)4032950-1 gnd Bank (DE-588)4004436-1 gnd |
topic_facet | Bank Geschichte Banks and banking / New England / History / 19th century Commercial loans / New England / History / 19th century Economic development projects / New England / Finance / History / 19th century Asset-backed financing / New England / History / 19th century Kreditgewährung Kreditwesen Neuengland |
url | https://doi.org/10.1017/CBO9780511582523 |
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