Local Loans Fund Accounts 1893 94 Accounts Of Receipts And Payments By The Commissioners For The Reduction Of The National Debt In Respect Of The Capital And Income Of The Local Loans Fund For The Year Ended 31st March 1894 Together With The Report Of The Comptroller And Auditor General Thereon

Author : Jeremy Atack
Publisher : Cambridge University Press
ISBN 13 : 1139477048
Total Pages : 497 pages
Book Rating : 4.1/5 (394 download)

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Download or read book The Origins and Development of Financial Markets and Institutions written by Jeremy Atack and published by Cambridge University Press. This book was released on 2009-03-16 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.