TY  - BOOK
AU  - Fohlin,Caroline
TI  - Mobilizing money: how the world's richest nations financed industrial growth 
T2  - Japan-U.S. Center UFJ Bank monographs on international financial markets
SN  - 9781139045827 (ebook)
AV  - HG1551 .F64 2012
U1  - 332.1 22
PY  - 2012///
CY  - Cambridge
PB  - Cambridge University Press
KW  - Banks and banking
KW  - History
KW  - Financial institutions
KW  - Investments
N1  - Title from publisher's bibliographic system (viewed on 05 Oct 2015); Creating corporate finance systems -- Organizing commercial banking -- Governing corporations -- Financing industrial investment -- Classfying financial systems -- What shapes financial structure? -- Does financial structure drive industrial growth? -- What is important for long-term growth?
N2  - This book examines the origins of modern corporate finance systems during the rapid industrialization period leading up to World War I; leading to three sets of conclusions. First, modern financial systems are rooted in the past, are idiosyncratic to specific countries and are highly path-dependent. Therefore, to understand current financial institutions, we must take stock of the forces at play in the near and distant past. Second, financial institutions and markets do not create economic growth without significant first steps in industrial development and supporting institutions. Third, and most important from the modern policy standpoint, there is no 'one-size-fits-all' solution to financial system design and industrial development. Having specific types of financial institutions is far less important than developing a strong, stable and legally protected financial system with a rich diversity of institutions and vibrant markets that can adapt to changing needs
UR  - https://doi.org/10.1017/CBO9781139045827
ER  -