Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England (Paperback) (ISBN-13: 9780521566247)

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.

Author: Naomi Lamoreaux
ISBN-10: 052156624X
ISBN-13: 9780521566247
Publisher: Cambridge University Press
Language: English
Published: 08/28/1996
Pages: 194
Format: Paperback
Weight: 0.66lbs
Size: 8.97h x 6.00w x 0.63d