Skip to content
Register Sign in Wishlist
Insider Lending

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

  • Date Published: January 1997
  • availability: Available
  • format: Paperback
  • isbn: 9780521566247

Paperback

Add to wishlist

Other available formats:
Hardback, eBook


Looking for an inspection copy?

This title is not currently available on inspection

Description
Product filter button
Description
Contents
Resources
Courses
About the Authors
  • The term insider lending conveys an aura of abuse and corruption, of unethical, if not illegal, behaviour. 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. Ironically, the information problems banks faced when they began to conduct more and more of their business at arm's length forced them to concentrate on providing short-term loans to commercial borrowers and to give up financing economic development. This book was first published in 1994.

    • This ground breaking study examines the role of insider lending in the banking system of early nineteeth-century New England
    • It offers a revealing insight into the social context in which banks operated
    • The author highlights the much neglected, yet important benefits of insider lending, including the contribution banks made to financing economic development
    Read more

    Reviews & endorsements

    'This is an important book which explores the evolution of bank lending strategies during the industrialisation of New England.' Mary B. Rose, Business History

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: January 1997
    • format: Paperback
    • isbn: 9780521566247
    • length: 194 pages
    • dimensions: 229 x 152 x 11 mm
    • weight: 0.29kg
    • contains: 14 b/w illus.
    • availability: Available
  • Table of Contents

    Acknowledgements
    Introduction
    1. Vehicles for accumulating capital
    2. Insider lending and Jacksonian hostility towards banks
    3. Engines of economic development
    4. The decline of insider lending and the problem of determining creditworthiness
    5. Professionalization and specialization
    6. The merger movement in banking
    Conclusion.

  • Author

    Naomi R. Lamoreaux, Yale University, Connecticut

Related Books

also by this author

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email lecturers@cambridge.org

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×
warning icon

Turn stock notifications on?

You must be signed in to your Cambridge account to turn product stock notifications on or off.

Sign in Create a Cambridge account arrow icon
×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.

Cancel

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×