Overview
This book focuses on a variety of themes concerning the relationship between financial systems in a broader sense and firms’ growth in historical perspective in some European countries. Financial systems are nowadays largely acknowledged to be a crucial element in determining economic growth. In modern economies, they play a key role by mobilizing savings, pricing risks and allocating capital to firms. Following a consolidated taxonomy focusing on the historical perspective, countries have been conventionally divided into bank-oriented (Continental Europe countries and Japan) and market-oriented systems (Anglo-Saxon countries). The chapters in this book present case studies on Belgium, Great Britain, France and Italy and show that financial systems do not trigger growth processes and industrialization, but they are essential to sustain them over time. Each society has the financial system that fits with its historical trajectory, without any being better or worse than others. The important thing is to have a financial system that is sophisticated and stable, and that evolves according to the demand forces of the moment. History matters. Bank-Industry versus Stock Market-Industry Relationships will be a beneficial read for students interested in economics and business history. The chapters in this book were originally published as a special issue of Business History.
Full Product Details
Author: José L. García-Ruiz (Complutense University, Spain) ,
Michelangelo Vasta (University of Siena, Italy)
Publisher: Taylor & Francis Ltd
Imprint: Routledge
Weight: 0.400kg
ISBN: 9781032437422
ISBN 10: 1032437421
Pages: 134
Publication Date: 31 March 2023
Audience:
College/higher education
,
Professional and scholarly
,
Tertiary & Higher Education
,
Professional & Vocational
Format: Hardback
Publisher's Status: Active
Availability: In Print
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Author Information
José L. García-Ruiz is Professor of Economic History at the Complutense University of Madrid (Spain). His lines of research are business history, financial history and industrial history. Between 2015 and 2019 he was Editor-in-chief of Investigaciones de Historia Económica-Economic History Research (IHE-HER), the academic journal of the Spanish Economic History Association. Michelangelo Vasta is Professor of Economic History at the University of Siena (Italy). He received his D.Phil at University of Oxford. His main fields of interest are economics of innovation in the long run perspective, institutions and economic performance, the economic history of living standard, entrepreneurship and trade. He pays particular attention to historical dataset and quantitative methods. He has published extensively in the major economic history and business history journals.
