Description: Unsettled Account : The Evolution of Banking in the Industrialized World Since 1800, Paperback by Grossman, Richard S., ISBN 0691202788, ISBN-13 9780691202785, Like New Used, Free shipping in the US
A sweeping look at the evolution of commercial banks over the past two centuries
Commercial 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.
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Book Title: Unsettled Account : The Evolution of Banking in the Industrialize
Number of Pages: 408 Pages
Publication Name: Unsettled Account : the Evolution of Banking in the Industrialized World since 1800
Language: English
Publisher: Princeton University Press
Item Height: 1.1 in
Publication Year: 2020
Subject: Banks & Banking, Economic History, Economics / Theory
Item Weight: 22.7 Oz
Type: Textbook
Item Length: 9.1 in
Author: Richard S. Grossman
Subject Area: Business & Economics
Series: The Princeton Economic History of the Western World Ser.
Item Width: 6.1 in
Format: Trade Paperback
