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Description - Insider Lending by Naomi R. Lamoreaux

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.

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Book Details

ISBN: 9780521566247
ISBN-10: 052156624X
Format: Paperback
(228mm x 152mm x 11mm)
Pages: 194
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Aug-1996
Country of Publication: United Kingdom

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