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9780521460965

Insider Lending Banks, Personal Connections, and Economic Development in Industrial New England

Insider Lending Banks, Personal Connections, and Economic Development in Industrial New England
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  • ISBN-13: 9780521460965
  • ISBN: 0521460964
  • Publisher: Cambridge University Press

AUTHOR

Lamoreaux, Naomi R.

SUMMARY

This book explores the important role that insider lending played in the economic development of early nineteenth-century New England. Ironically, when banks began to lend more and more of their funds at arm's length, information problems forced them to restrict their activities to short-term commercial lending.Lamoreaux, Naomi R. is the author of 'Insider Lending Banks, Personal Connections, and Economic Development in Industrial New England' with ISBN 9780521460965 and ISBN 0521460964.

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