Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England Book + PRICE WATCH * Amazon pricing is not included in price watch

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

This book explores the important role that insider lending played in the economic development of early nineteenth-century New England.Read More

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  • Book Description

    Insider lending was an integral aspect of the banking system in early nineteenth century New England. Not only was the practice an accepted fact of economic life, but as this text argues, it enabled banks to play an important role in financing economic development.

  • Product Description

    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 banking system evolved over the course of the century, however, lending practices became more impersonal and professional.

  • 052156624X
  • 9780521566247
  • Naomi R. Lamoreaux
  • 28 August 1996
  • Cambridge University Press
  • Paperback (Book)
  • 182
  • New Ed
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