Published December 1997
| public
Journal Article
Bank Securities Holdings and Industrial Finance before World War I: Britain and Germany Compared
- Creators
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Fohlin, Caroline
Abstract
Financial systems vary significantly between Britain and Continental Europe, with formal securities markets prevailing in the former and banks dominating in the latter. According to the traditional paradigm, strong, universal banks played a central role in the industrialization of Germany. British banks, in contrast, have been criticized for taking a limited part in corporate finance and are seen by many as having failed to promote industrial investment.
Additional Information
© 1997 by the Business History Conference. Published by Cambridge University Press. I am grateful to Lance Davis, John Latting, Will Hausman, and participants at the 1997 International Business History Conference in Glasgow for helpful comments and discussions as well as to the NSF (grant #SBR-9617799) for supporting this research.Additional details
- Eprint ID
- 80603
- Resolver ID
- CaltechAUTHORS:20170818-090045262
- SBR-9617799
- NSF
- Created
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2017-08-18Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field