Library Catalog
Amazon cover image
Image from Amazon.com

Money and Capital Markets in Postbellum America / John A. James.

By: Material type: TextTextSeries: Princeton Legacy Library ; 1436Publisher: Princeton, NJ : Princeton University Press, [2015]Copyright date: ©1978Description: 1 online resource (310 p.)Content type:
Media type:
Carrier type:
ISBN:
  • 9780691605494
  • 9781400869626
Subject(s): DDC classification:
  • 332.4
LOC classification:
  • HG181 -- J345 1978eb
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- List of Tables -- List of Figures -- Preface -- CHAPTER I. Introduction -- CHAPTER II. The Growth of the Banking System -- CHAPTER III. The Individual Bank -- CHAPTER IV. The Correspondent Banking System -- CHAPTER V. Methods of Interregional Transfers of Funds -- CHAPTER VI. The Process of Capital Market Integration -- CHAPTER VII. Summary -- APPENDIX A. Data Appendix -- APPENDIX B. Interest Paid on New York Bankers' Balances -- Bibliography -- Index
Summary: Postbellum economic change in the United States required an efficient system by which capital could be transferred to areas where it was relatively scarce. In assessing the structure that evolved to meet this need, John James provides a new and convincing explanation of the forces underlying the integration of separate and local money markets to form a national market. To understand the role of financial markets during the period, the author examines the institutions and operations of the banking system in detail. In contrast to the now-prevailing view among scholars, Professor James finds that the banking system was quite adaptable in responding to institutional constraints, and he focuses in particular on the role of the correspondent banking system. The second part of his book assesses the performance of the market and the forces promoting change during the period. Drawing on a new and more carefully derived set of interest rates, the author tests competing hypotheses to explain integration and advances a more satisfactory alternative theory. He offers the first modern analysis of American financial institutions of the period between the Civil War and the establishment of the Federal Reserve System. In so doing, he adds to our knowledge of the historic role of finance and capital in economic development.Originally published in 1978.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781400869626

Frontmatter -- Contents -- List of Tables -- List of Figures -- Preface -- CHAPTER I. Introduction -- CHAPTER II. The Growth of the Banking System -- CHAPTER III. The Individual Bank -- CHAPTER IV. The Correspondent Banking System -- CHAPTER V. Methods of Interregional Transfers of Funds -- CHAPTER VI. The Process of Capital Market Integration -- CHAPTER VII. Summary -- APPENDIX A. Data Appendix -- APPENDIX B. Interest Paid on New York Bankers' Balances -- Bibliography -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

Postbellum economic change in the United States required an efficient system by which capital could be transferred to areas where it was relatively scarce. In assessing the structure that evolved to meet this need, John James provides a new and convincing explanation of the forces underlying the integration of separate and local money markets to form a national market. To understand the role of financial markets during the period, the author examines the institutions and operations of the banking system in detail. In contrast to the now-prevailing view among scholars, Professor James finds that the banking system was quite adaptable in responding to institutional constraints, and he focuses in particular on the role of the correspondent banking system. The second part of his book assesses the performance of the market and the forces promoting change during the period. Drawing on a new and more carefully derived set of interest rates, the author tests competing hypotheses to explain integration and advances a more satisfactory alternative theory. He offers the first modern analysis of American financial institutions of the period between the Civil War and the establishment of the Federal Reserve System. In so doing, he adds to our knowledge of the historic role of finance and capital in economic development.Originally published in 1978.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)