The Origins of National Financial Systems: Alexander Gerschenkron Reconsidered, 1st Edition (Hardback) book cover

The Origins of National Financial Systems

Alexander Gerschenkron Reconsidered, 1st Edition

Edited by Douglas J. Forsyth, Daniel Verdier


256 pages

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Hardback: 9780415301688
pub: 2002-11-21
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Since the nineteenth century, there has been an accepted distinction between financial systems that separate commercial and investment banking and those that do not. This comprehensive collection aims to establish how and why financial systems develop, and how knowledge of financial differentiation in the nineteenth century may afford insight into the development of contemporary banking structure.

This book poses a systematic challenge to Alexander Gerschenkron's 1950s thesis on universal banks. With contributions from leading scholars such as Ranald Michie and Jaime Reis, this well written book provides solid and intriguing arguments throughout.

Table of Contents

Introduction 1. Explaining Cross-National Variations in Universal Banking in 19th Century Europe, North America and Australasia 2. Banks and Securities Markets, 1870-1914 3. Competing in Tandem: Securities Markets and Commercial Banking Patterns in Europe during the 19th Century 4. On the Development of Universal Bankingin Germany 5. The Early Development of Mixed Banking in Italy in an Adverse Institutional Context, 1850-1914 6. The Origins of Universal Banks in France during the 19th Century 7. Banking Systems as 'Ideal Types' and as Political Economy: The Swedish Case, 1820-1914 8. The Development of a Hybrid Structure in Norway: Banks and Economic Change in the European Periphery, 1870-1913 9. Universal Banking in Russia 10. Bank Structures, Gerschenkron and Portugal (pre-1914)

About the Editors

Douglas J. Forsyth is Associate Professor of History at Bowling Green State University, Ohio, USA.

Daniel Verdier is Associate Professor at the European University Institute, Florence, USA.

About the Series

Routledge Explorations in Economic History

This long established series provides a platform for books which break new ground in the understanding of the development of the modern world economy. Equally rooted in economics and history, the series is not limited to any particular period or region. Individual titles focus on particular countries, key industries, themes, or international economic relations.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History