EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 7
... backwardness , the seat of such direction could be found in investment banks , in investment banks acting under the aegis of the state , or in bureaucratic controls . " More precisely , British industrialization was self - financed ...
... backwardness , the seat of such direction could be found in investment banks , in investment banks acting under the aegis of the state , or in bureaucratic controls . " More precisely , British industrialization was self - financed ...
Page 9
... backwardness and / or a spurt of industrial development , I will argue that it reflected market frag- mentation . Since Gerschenkron laid out his theory , there has emerged an additional potential explanatory variable -- information ...
... backwardness and / or a spurt of industrial development , I will argue that it reflected market frag- mentation . Since Gerschenkron laid out his theory , there has emerged an additional potential explanatory variable -- information ...
Page 44
SPS. backwardness.82 The relation between the two variables is plotted in Figure 3. Figure 4 reveals no readily interpretable pattern . Although a trained ( or strained ) eye migh see a curvilinear relation between the two variables ...
SPS. backwardness.82 The relation between the two variables is plotted in Figure 3. Figure 4 reveals no readily interpretable pattern . Although a trained ( or strained ) eye migh see a curvilinear relation between the two variables ...
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adopt central banking agrarian periphery Arpád SZAKOLCZAI assets Australia Austria Austria-Hungary Banca Commerciale Italiana Banco Bank of England bank's banking structures banking system Banque Belgium Bouvier Britain business cycle Canada capital and reserves capital scarcity central bank Chlepner commercial banks competition corporatism corporatist corporatist regimes countries Crédit Lyonnais Crédit Mobilier Denmark denominator includes deposit banking deposit market depositors Dépôts Development discount Economic History equity equity-liability ratio European University Institute finance fiscal-military model France function Germany Gerschenkron Giandomenico MAJONE GNP per capita Goodhart groups information asymmetry insolvency investment banks Italy joint stock banks last resort lending of last liabilities liquidity guarantee market fragmentation mixed banking moderate corporatism National Monetary Commission Netherlands nonprofit banking nonprofit sector Norway note-issuing monopoly Oxford University Press paper percent pluralist Policy private bankers profit proxy rediscount Reichsbank rents representation savings banks Social Société Générale solvency specialized banking Sweden Teichova territorial Tortella universal banking