LEADER 04482nam 2200829Ia 450 001 9910955104203321 005 20200520144314.0 010 $a9786612639500 010 $a9781282639508 010 $a1282639501 010 $a9781400835256 010 $a1400835259 024 7 $a10.1515/9781400835256 035 $a(CKB)2550000000018948 035 $a(EBL)539798 035 $a(OCoLC)656359068 035 $a(SSID)ssj0000443833 035 $a(PQKBManifestationID)11297988 035 $a(PQKBTitleCode)TC0000443833 035 $a(PQKBWorkID)10461476 035 $a(PQKB)11256999 035 $a(MdBmJHUP)muse36781 035 $a(DE-B1597)446797 035 $a(OCoLC)979579417 035 $a(DE-B1597)9781400835256 035 $a(Au-PeEL)EBL539798 035 $a(CaPaEBR)ebr10394788 035 $a(CaONFJC)MIL263950 035 $a(PPN)187955441 035 $a(MiAaPQ)EBC539798 035 $a(Perlego)734873 035 $a(FR-PaCSA)88833392 035 $a(FRCYB88833392)88833392 035 $a(EXLCZ)992550000000018948 100 $a20100301d2010 uy 0 101 0 $aeng 135 $aur|n||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aUnsettled account $ethe evolution of banking in the industrialized world since 1800 /$fRichard S. Grossman 205 $aCourse Book 210 $aPrinceton $cPrinceton University Press$d2010 215 $a1 online resource (407 p.) 225 1 $aThe Princeton economic history of the western world 300 $aDescription based upon print version of record. 311 08$a9780691202785 311 08$a0691202788 311 08$a9780691139050 311 08$a0691139059 320 $aIncludes bibliographical references and index. 327 $tFrontmatter --$tContents --$tIllustrations --$tTables --$tPreface --$tChapter 1. Introduction --$tChapter 2. The Origins of Banking --$tChapter 3. Banking Crises --$tChapter 4. Rescuing the Banking System: Bailouts, Lenders of Last Resort, and More Extreme Measures --$tChapter 5. Merger Movements --$tChapter 6. Regulation --$tChapter 7. Banking Evolution in England --$tChapter 8. Banking Evolution in Sweden --$tChapter 9. Banking Evolution in the United States --$tChapter 10. Constrained and Deregulated Banking in the Twentieth Century and Beyond --$tAppendixes --$tBibliography --$tIndex 330 $aCommercial banks are among the oldest and most familiar financial institutions. When they work well, we hardly notice; when they do not, we rail against them. What are the historical forces that have shaped the modern banking system? In Unsettled Account, Richard Grossman takes the first truly comparative look at the development of commercial banking systems over the past two centuries in Western Europe, the United States, Canada, Japan, and Australia. Grossman focuses on four major elements that have contributed to banking evolution: crises, bailouts, mergers, and regulations. He explores where banking crises come from and why certain banking systems are more resistant to crises than others, how governments and financial systems respond to crises, why merger movements suddenly take off, and what motivates governments to regulate banks. Grossman reveals that many of the same components underlying the history of banking evolution are at work today. The recent subprime mortgage crisis had its origins, like many earlier banking crises, in a boom-bust economic cycle. Grossman finds that important historical elements are also at play in modern bailouts, merger movements, and regulatory reforms. Unsettled Account is a fascinating and informative must-read for anyone who wants to understand how the modern commercial banking system came to be, where it is headed, and how its development will affect global economic growth. 410 0$aPrinceton economic history of the Western world. 606 $aBanks and banking$xHistory 606 $aBanks and banking$xGovernment policy 606 $aBank failures 606 $aFinancial crises 615 0$aBanks and banking$xHistory. 615 0$aBanks and banking$xGovernment policy. 615 0$aBank failures. 615 0$aFinancial crises. 676 $a332.109 686 $aQK 100$2rvk 700 $aGrossman$b Richard S$0140372 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910955104203321 996 $aUnsettled account$94335754 997 $aUNINA