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.
Buy Insider Lending by Naomi R. Lamoreaux from Australia's Online Independent Bookstore, Boomerang Books.
(228mm x 152mm x 11mm)
Cambridge University Press
Publisher: Cambridge University Press
Country of Publication:
Other Editions - Insider Lending by Naomi R. Lamoreaux
Book Reviews - Insider Lending by Naomi R. Lamoreaux