Advertisement

Towards the Institutionalisation of Credit

  • D’Maris Coffman
Chapter
Part of the Palgrave Studies in the History of Finance book series (PSHF)

Abstract

The chapters in this volume have shown the continuing importance of informal credit relations and non-bank financial intermediation in Europe from the middle ages to modern times. The advent of jointstock banking owed more to the demands of sovereign states for more reliable forms of war finance than it did to the needs of mercantile communities, which were already well-served by a varied range of lenders. Industrialization and the diminishing importance of guilds may have facilitated institutionalization of credit, but alternative sources of finance have remained significant throughout the period and have re-asserted themselves in recent years. These chapters serve to illustrate the varied geographical, chronological, methodological, and intellectual reach of the New Financial History, a global movement which is particularly strong in Britain, America, France, Spain, and especially Italy.

References

  1. Balletta, Francesco, and Luigi Balletta. 2017. The Investments of Neapolitan Public Banks: A Long Run View (1587–1863). Conference Paper. Delivered at The Rise of Modern Banking in Naples. A Comparative Perspective. 15–17 June 2017.Google Scholar
  2. Coclanis, P., and D. Carlton. 2001. The Crisis in Economic History. Challenge 44 (6): 93–103.CrossRefGoogle Scholar
  3. Coffman, D’Maris D. 2013. Excise Taxation and the Origins of Public Debt. Basingstoke: Palgrave Macmillan.CrossRefGoogle Scholar
  4. ———. 2016. Understanding the Financial Dealings of the London Company of Brewers. Conference Paper. Delivered at The Economic History Society Annual Conference. Robinson College, Cambridge. 1–3 April 2016.Google Scholar
  5. Colander, D. 2010. The Economics Profession, the Financial Crisis, and Method. Journal of Economic Methodology 17 (4): 419–427.CrossRefGoogle Scholar
  6. Dean, G., and F. Clarke. 2012. When History Is Ignored, Business Black Swans and the Use and Abuse of a Notion. In Regulatory Failure and the Global Financial Crisis: An Australian Perspective, ed. M. Ariff, J. Farrar, and A. Khalid, 214–230. Cheltenham: Edward Elgar Publishing.Google Scholar
  7. Dickson, Peter George Muir. 1965. The Financial Revolution in England: A Study in the Development of Public Credit, 1688–1756. Basingstoke: Macmillan.Google Scholar
  8. Hoffman, Philip T., Gilles Postel-Vinay, and Jean-Laurent Rosenthal. 2000. Priceless Markets: The Political Economy of Credit in Paris, 1660–1870. Chicago: University of Chicago Press.Google Scholar
  9. Hotson, Anthony. 2017. Respectable Banking. Cambridge, UK: Cambridge University Press.Google Scholar
  10. Köke, Jens. 2002. Corporate Governance, Market Discipline, and Productivity Growth. In Corporate Governance in Germany, 109–133. Heidelberg/New York.CrossRefGoogle Scholar
  11. Mathias, Peter. 1959. The Brewing Industry in England 1700–1830. Cambridge, UK: Cambridge University Press.Google Scholar
  12. Melzer, Brian T. 2011. The Real Costs of Credit Access: Evidence from the Payday Lending Market. The Quarterly Journal of Economics 126 (1): 517–555.CrossRefGoogle Scholar
  13. Morecroft, Nigel. 2017. The Origins of Asset Management from 1700 to 1960: Towering Investors. Basingstoke: Palgrave Macmillan.CrossRefGoogle Scholar
  14. Neal, Larry. 1998. The Financial Crisis of 1825 and the Restructuring of the British Financial System. Review-Federal Reserve Bank of Saint Louis 80: 53–76.Google Scholar
  15. Onyiriuba, Leonard. 2015. Emerging Market Bank Lending and Credit Risk Control: Evolving Strategies to Mitigate Credit Risk, Optimize Lending Portfolios, and Check Delinquent Loans. Cambridge, MA: Academic Press.Google Scholar
  16. Sigismondo, Giuseppe. 1788. Descrizione della città di Napoli ei suoi borghi, ed. A. Forni, vol. 2. Sala Bolognese: Presso i Fratelli Terres.Google Scholar
  17. Spang, R.L. 2005. The Ghost of Law: Speculating on Money, Memory and Mississippi in the French Constituent Assembly. Historical Reflections/Réflexions historiques: vol. 31:1, Money in the Enlightenment, 3–25.Google Scholar
  18. Trew, Alex. 2010. Infrastructure Finance and Industrial Takeoff in England. Journal of Money, Credit and Banking 42 (6): 985–1010.CrossRefGoogle Scholar
  19. Tsai, Kellee. 2015. Financing Small and Medium Enterprises in China: Recent Trends and Prospects Beyond Shadow Banking. No. 2015–24. HKUST Institute for Emerging Market Studies.Google Scholar
  20. Velde, François R. 2009. Was John Law’s System a Bubble? The Mississippi Bubble Revisited. In The Origin and Development of Financial Markets and Institutions: From the Seventeenth Century to the Present, ed. Jeremy Atack and Larry Neal, 99–120. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  21. Wardrop, Robert, Bryan Zhang, Raghavendra Rau, and Mia Gray. 2015. Moving Mainstream. The European Alternative Finance Benchmarking Report: 15–16.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • D’Maris Coffman
    • 1
  1. 1.Bartlett Faculty of the Built Environment, University College LondonLondonUK

Personalised recommendations