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020 ▼a 9780691185057 ▼q electronic book
020 ▼a 0691185050 ▼q electronic book
020 ▼z 9780691182179
035 ▼a 1832189 ▼b (N$T)
035 ▼a (OCoLC)1066741218
037 ▼a 22573/ctv31thkh ▼b JSTOR
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050 4 ▼a HG3028 ▼b .H64 2019
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08204 ▼a 332.10944 ▼2 23
1001 ▼a Hoffman, Philip T., ▼e author.
24510 ▼a Dark matter credit : ▼b the development of peer-to-peer lending and banking in France/ ▼c Philip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal. ▼h [electronic resource].
260 1 ▼a Princeton, New Jersey: ▼b Princeton University Press, ▼c [2019].
300 ▼a 1 online resource (303 pages).
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
4901 ▼a The Princeton economic history of the Western world
504 ▼a Includes bibliographical references and index.
50500 ▼t Frontmatter -- ▼t Contents -- ▼t Acknowledgments -- ▼t Introduction -- ▼t Chapter 1. 1740 and the Rules of the Game -- ▼t Chapter 2. Spatial Variety versus Centralization: Change in Eighteenth- Century Credit Markets -- ▼t Chapter 3. The Revolution: Collapse, Reform, and Modeling the Space of Debt -- ▼t Chapter 4. Networks of Knowledge -- ▼t Chapter 5. The Brief but Significant Life of an Institutional Innovation -- ▼t Chapter 6. The Diffusion of Banks: Peer- to- Peer Credit Markets as Substitutes for Banks -- ▼t Chapter 7. Banks and Notaries -- ▼t Chapter 8. Prices Return -- ▼t Chapter 9. Conclusion -- ▼t Appendices -- ▼t Notes -- ▼t Bibliography -- ▼t Index
520 ▼a How a vast network of shadow credit financed European growth long before the advent of bankingPrevailing wisdom dictates that, without banks, countries would be mired in poverty. Yet somehow much of Europe managed to grow rich long before the diffusion of banks. Dark Matter Credit draws on centuries of cleverly collected loan data from France to reveal how credit abounded well before banks opened their doors. This incisive book shows how a vast system of shadow credit enabled nearly a third of French families to borrow in 1740, and by 1840 funded as much mortgage debt as the American banking system of the 1950s.Dark Matter Credit traces how this extensive private network outcompeted banks and thrived prior to World War I-not just in France but in Britain, Germany, and the United States-until killed off by government intervention after 1918. Overturning common assumptions about banks and economic growth, the book paints a revealing picture of an until-now hidden market of thousands of peer-to-peer loans made possible by a network of brokers who matched lenders with borrowers and certified the borrowers' creditworthiness.A major work of scholarship, Dark Matter Credit challenges widespread misperceptions about French economic history, such as the notion that banks proliferated slowly, and the idea that financial innovation was hobbled by French law. By documenting how intermediaries in the shadow credit market devised effective financial instruments, this compelling book provides new insights into how countries can develop and thrive today.
588 ▼a Description based on online resource; title from digital title page (viewed on January 09, 2019).
590 ▼a Master record variable field(s) change: 072
650 0 ▼a Banks and banking ▼z France.
650 0 ▼a Loans ▼z France.
650 0 ▼a Credit ▼z France.
650 7 ▼a BUSINESS & ECONOMICS / Finance. ▼2 bisacsh
650 7 ▼a Banks and banking. ▼2 fast ▼0 (OCoLC)fst00826867
650 7 ▼a Credit. ▼2 fast ▼0 (OCoLC)fst00882525
650 7 ▼a Loans. ▼2 fast ▼0 (OCoLC)fst01001045
650 7 ▼a BUSINESS & ECONOMICS / Banks & Banking ▼2 bisacsh
651 7 ▼a France. ▼2 fast ▼0 (OCoLC)fst01204289
655 4 ▼a Electronic books.
7001 ▼a Postel-Vinay, Gilles, ▼e author,
7001 ▼a Rosenthal, Jean-Laurent, ▼e author,
830 0 ▼a Princeton economic history of the Western world.
85640 ▼3 EBSCOhost ▼u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1832189
938 ▼a De Gruyter ▼b DEGR ▼n 9780691185057
938 ▼a EBL - Ebook Library ▼b EBLB ▼n EBL5597883
938 ▼a EBSCOhost ▼b EBSC ▼n 1832189
990 ▼a ***1008102
991 ▼a E-BOOK
994 ▼a 92 ▼b N$T