Financial Systems and Economic Growth Credit, Crises, and Regulation from the 19th Century to the Present
Book contents
- Financial Systems and Economic Growth
- Studies in Macroeconomic History
- Financial Systems and Economic Growth
- Copyright page
- Dedication
- Contents
- Contributors
- Discussants at the Conference
- Introduction
- 1 Growing Up to Stability? Financial Globalization, Financial Development, and Financial Crises
- 2 Episodes of Financial Deepening: Credit Booms or Growth Generators?
- 3 Financing U.S. Economic Growth, 1790–1860: Corporations, Markets, and the Real Economy
- 4 Banks and Democracy
- 5 Financial Systems, Economic Growth, and Globalization in the Era of the Cold War
- 6 Reputation, Regulation, and the Collapse of International Capital Markets, 1920–1935
- 7 Protecting Financial Stability in the Aftermath of World War I: The Federal Reserve Bank of Atlanta’s Dissenting Policy
- 8 Rediscovering Macro-Prudential Regulation: The National Banking Era from the Perspective of 2015
- Index
- References
2 - Episodes of Financial Deepening: Credit Booms or Growth Generators?
Published online by Cambridge University Press: 06 October 2017
Book contents
- Financial Systems and Economic Growth
- Studies in Macroeconomic History
- Financial Systems and Economic Growth
- Copyright page
- Dedication
- Contents
- Contributors
- Discussants at the Conference
- Introduction
- 1 Growing Up to Stability? Financial Globalization, Financial Development, and Financial Crises
- 2 Episodes of Financial Deepening: Credit Booms or Growth Generators?
- 3 Financing U.S. Economic Growth, 1790–1860: Corporations, Markets, and the Real Economy
- 4 Banks and Democracy
- 5 Financial Systems, Economic Growth, and Globalization in the Era of the Cold War
- 6 Reputation, Regulation, and the Collapse of International Capital Markets, 1920–1935
- 7 Protecting Financial Stability in the Aftermath of World War I: The Federal Reserve Bank of Atlanta’s Dissenting Policy
- 8 Rediscovering Macro-Prudential Regulation: The National Banking Era from the Perspective of 2015
- Index
- References
Summary
A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
- Type
- Chapter
- Information
- Financial Systems and Economic GrowthCredit, Crises, and Regulation from the 19th Century to the Present, pp. 52 - 75Publisher: Cambridge University PressPrint publication year: 2017
References
Bordo, Michael D., Eichengreen, Barry, Klingbiel, Daniela, and Martinez-Perez, Maria Soledad. (2001). “Is the Crisis Problem Growing More Severe?” Economic Policy 16(32):51–82.Google Scholar
Bordo, Michael D., and Jonung, Lars. (1987). The Long-Run Behavior of the Velocity of Circulation. New York: Cambridge University Press.Google Scholar
Bordo, Michael D., Rockoff, Hugh, and Redish, Angela. (1994). “The U.S. Banking System from a Northern Exposure: Stability vs. Efficiency.” Journal of Economic History 54(2):325–341.CrossRefGoogle Scholar
Burhop, Carsten. (2006). “Did Banks Cause the German Industrialization?” Explorations in Economic History 43(1):39–63.Google Scholar
Calomiris, Charles W., and Haber, Stephen H.. (2014). Fragile by Design: The Political Origins of Banking Crises and Scarce Credit. Princeton, NJ: Princeton University Press.Google Scholar
Cameron, Rondo. (1963). “Banking in the Early Stages of Industrialization: A Preliminary Survey.” Scandinavian Economic History Review 11(2):117–134.CrossRefGoogle Scholar
Demetriades, Panicos O., and Hussein, Khaled A.. (1996). “Does Financial Development Cause Economic Growth? Time-Series Evidence from 16 Countries.” Journal of Development Economics 51(2):387–411.Google Scholar
Fohlin, Caroline. (2007). Finance Capitalism and Germany’s Rise to Industrial Power. New York: Cambridge University Press.CrossRefGoogle Scholar
Goldsmith, Raymond W. (1969). Financial Structure and Development. New Haven, CT: Yale University Press.Google Scholar
Gurley, John G., and Shaw, Edward S.. (1955). “Financial Aspects of Economic Development.” American Economic Review 45(3):515–538.Google Scholar
Hansson, Pontus, and Jonung, Lars. (1997). “Finance and Economic Growth: The Case of Sweden 1834–1991.” Research in Economics 51(3):275–301.Google Scholar
Jordà, Òscar, Schularick, Moritz, and Taylor, Alan M.. (2013). “Sovereigns versus Banks: Credit, Crises, Consequences.” Working Paper No. 19506, National Bureau of Economic Research.Google Scholar
King, Robert G., and Levine, Ross. (1993). “Finance and Growth: Schumpeter Might Be Right.” Quarterly Journal of Economics 108(3):717–737.CrossRefGoogle Scholar
Levine, Ross, Loayza, Norman, and Beck, Thorsten. (2000). “Financial Intermediation and Growth: Causality and Causes.” Journal of Monetary Economics 46(1):31–77.Google Scholar
McKinnon, Ronald I. (1973). Money and Capital in Economic Development. Washington, DC: Brookings Institution.Google Scholar
McLean, Ian W. (2006). “Recovery from Depression: Australia in an Argentine Mirror 1895–1913.” Australian Economic History Review 46(3):215–241.Google Scholar
Musacchio, Aldo. (2009). Experiments in Financial Democracy: Corporate Governance and Financial Development in Brazil, 1882–1950. Cambridge: Cambridge University Press.Google Scholar
Obstfeld, Maurice, and Taylor, Alan M.. (2000). Global Capital Markets: Integration, Crises, and Growth. Japan–US Center Sanwa Monographs on International Financial Markets. New York: Cambridge University Press.Google Scholar
Radelet, Steven, and Sachs, Jeffrey D.. (1998). “The East Asian Financial Crisis: Diagnosis, Remedies, Prospects.” Brooking Papers on Economic Activity 1:1–90.Google Scholar
Reinhart, Carmen M, and Rogoff, Kenneth S.. (2009). This Time Is Different: Eight Centuries of Financial Folly. Princeton, NJ: Princeton University Press.Google Scholar
Rousseau, Peter L. (1999). “Finance, Investment, and Growth in Meiji-Era Japan.” Japan and the World Economy 11(2):185–198.Google Scholar
Rousseau, Peter L., and Sylla, Richard. (2003). “Financial Systems, Economic Growth, and Globalization.” In Bordo, M. D., Taylor, A. M., and Williamson, J. G. (eds.), Globalization in Historical Perspective, pp. 373–413. Chicago: University of Chicago Press.Google Scholar
Rousseau, Peter L., and Sylla, Richard. (2005). “Emerging Financial Markets and Early U.S. Growth.” Explorations in Economic History 42(1):1–26.Google Scholar
Rousseau, Peter L., and Wachtel, Paul. (1998). “Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries.” Journal of Money, Credit and Banking 30(4):657–678.Google Scholar
Rousseau, Peter L., and Wachtel, Paul. (2011). “What Is Happening to the Impact of Financial Deepening on Economic Growth?” Economic Inquiry 49(1):276–288.Google Scholar
Schularick, Moritz, and Taylor, Alan M.. (2012). “Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870–2008.” American Economic Review 102(2):1029–1061.CrossRefGoogle Scholar
Sheppard, David K. (1971). The Growth and Role of U.K Financial Institutions, 1880–1962. London: Methuen.Google Scholar
Terrones, Marco. (2004). “Are Credit Booms in Emerging Markets a Concern?” World Economic Outlook (April):147–166.Google Scholar
Wachtel, Paul. (2001). “Growth and Finance: What Do We Know and How Do We Know It?” International Finance 4(3):335–362.Google Scholar
Wachtel, Paul. (2011). “The Evolution of the Finance Growth Nexus.” Comparative Economic Studies 53(3):475–488.CrossRefGoogle Scholar
- 5
- Cited by