Insider Lending

Name: Insider Lending
Brand: Cambridge University Press
SKU: 9780521566247
Price: 46.69 EUR
Availability: InStock

Автор: Naomi R Lamoreaux

Език:

Корици: С меки корици

Издател: Cambridge University Press

Наличност: Външен склад

Изпращаме след 9-15 дни

46.69 € 91.32 лв

The term insider lending conveys an aura of abuse and corruption, of unethical, if not illegal, beha...

Информация за книгата

Автор

Naomi R Lamoreaux

Език

Английски език

Корици

Книга - С меки корици

Издадена

1996

страници

194

EAN

9780521566247

ISBN

052156624X

Enbook ID

04378540

Издател

Cambridge University Press

Теглоt

298

Размери

152 x 229 x 11

Пълно описание

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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