Record Details

The development of financial institutions during the postwar period

PSL Quarterly Review

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Field Value
 
Title The development of financial institutions during the postwar period
 
Creator GOLDSMITH, R.W.
 
Subject —
Financial development, structure, institutions, postwar, national product, capital formation
G20, O16, N22, N24
 
Description After a generation in which economic analysis was unduly influenced by the famous smile of the “veil of money”, it has become clear since the 1950s that money and other financial instruments “matter” in the sense that the course of real economic development may be considerably influenced by a country’s financial structure and activities. The financial structure even in many now developed countries up to the mid-19th century was a situation in which the overwhelming majority of financing was direct, taking place between ultimate savers and prospective users of funds. In the 20th century, however, indirect financing in which financial institutions interpose themselves between ultimate savers and ultimate investors, has come to account for an increasing proportion of total external financing and now is of considerably greater importance than direct financing. The present paper studies the development of financial institutions in the postwar period and observes their relationship to national product and to capital formation.
 
Publisher Economia civile
 
Contributor —
 
Date 2014-10-02
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12867
 
Source PSL Quarterly Review; Vol 24, No 97 (1971)
PSL Quarterly Review; Vol 24, No 97 (1971)
2037-3643
ISSN 2037-3635
 
Language eng
 
Relation http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/12867/12670
 
Rights Copyright (c) 2016 R.W. GOLDSMITH
http://creativecommons.org/licenses/by-nc-nd/4.0