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Banking Theory and Banking Practice in Antebellum America

Howard Bodenhorn

in State Banking in Early America: A New Economic History

Published in print:
2002
Published Online:
November 2003
ISBN:
9780195147766
eISBN:
9780199832910
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195147766.003.0003
Subject:
Economics and Finance, Economic History

Modern theories of financial intermediation begin from the premise that small, young firms, due to information asymmetries, will not have access to arm's length markets in bonds and commercial paper. ... More


The Political Lessons of Depression-era Banking Reform *

Charles Calomiris

in The Great Depression of the 1930s: Lessons for Today

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199663187
eISBN:
9780191749216
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199663187.003.0006
Subject:
Economics and Finance, Economic History

The banking legislation of the 1930s took very little time to pass, was unusually comprehensive, and unusually responsive to public opinion. Ironically, the primary motivations for the main bank ... More


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