Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England

by Naomi R. Lanoreaux and Naomi R. Lamoreaux

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Today the term insider lending conveys an aura of abuse and corruption, of unethical, if not illegal, behavior. In early nineteenth century New England, however, insider lending was an integral aspect of the banking system. Not only was the practice an accepted fact of economic life, but, as Naomi R. Lamoreaux argues, it enabled banks (at least in this particular historical context) to play an important role in financing economic development. As the...

Format:Hardcover

Language:English

ISBN:0521460964

ISBN13:9780521460965

Release Date:June 1994

Publisher:Cambridge University Press

Length:194 Pages

Weight:1.05 lbs.

Dimensions:0.9" x 6.3" x 9.3"

Related Subjects

Banks & Banking Business Business & Investing Economics Industries & Professions Management Management & Leadership Modern (16th-21st Centuries) Popular Economics

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Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England

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