The Origins of National Financial Systems

Download or read book The Origins of National Financial Systems written by Douglas J. Forsyth and published by Routledge. This book was released on 2003-08-29 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the nineteenth century, there has been an accepted distinction between financial systems that separate commercial and investment banking and those that do not. This comprehensive collection aims to establish how and why financial systems develop, and how knowledge of financial differentiation in the nineteenth century may afford insight into the development of contemporary banking structure. This book poses a systematic challenge to Alexander Gerschenkron's 1950s thesis on universal banks. With contributions from leading scholars such as Ranald Michie and Jaime Reis, this well written book provides solid and intriguing arguments throughout.