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Financing in EuropeChallenging the Institutional Revolution of Credit Markets in the Nineteenth Century

Financing in Europe: Challenging the Institutional Revolution of Credit Markets in the Nineteenth... [The New Institutional Economics often refers to the nineteenth century as an era of an institutional revolution. Given that the mechanisms of credit markets were a network, we presume an evolution within this meta-institution complementary to a shift from personal to impersonal trust. Against a background of a comparable formal framework, this led to various informal phenomena coexisting on the market. Based on three comparable research sites in the border region of Saar–Prussia, Luxembourg and France, Clemens and Reupke focus on this institutional transition period. Especially they aim to reveal the mechanisms used either by private persons and by local banks. Within this context, it has to be mentioned that saving unions, including the company-internal ones, display a striking transitional form. Their research’s goal is to contribute to the differentiation of the research field by presenting the institutional revolution as a heterogeneously multilayered and locally varying process.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Financing in EuropeChallenging the Institutional Revolution of Credit Markets in the Nineteenth Century

Editors: Lorenzini, Marcella; Lorandini, Cinzia; Coffman, D'Maris
Financing in Europe — Feb 20, 2018

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References (19)

Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2018
ISBN
978-3-319-58492-8
Pages
269 –290
DOI
10.1007/978-3-319-58493-5_11
Publisher site
See Chapter on Publisher Site

Abstract

[The New Institutional Economics often refers to the nineteenth century as an era of an institutional revolution. Given that the mechanisms of credit markets were a network, we presume an evolution within this meta-institution complementary to a shift from personal to impersonal trust. Against a background of a comparable formal framework, this led to various informal phenomena coexisting on the market. Based on three comparable research sites in the border region of Saar–Prussia, Luxembourg and France, Clemens and Reupke focus on this institutional transition period. Especially they aim to reveal the mechanisms used either by private persons and by local banks. Within this context, it has to be mentioned that saving unions, including the company-internal ones, display a striking transitional form. Their research’s goal is to contribute to the differentiation of the research field by presenting the institutional revolution as a heterogeneously multilayered and locally varying process.]

Published: Feb 20, 2018

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