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Financing in EuropeIntroduction

Financing in Europe: Introduction [In September 2007, the collapse of the Northern Rock Bank heralded a devastating financial crisis. That became evident with the failure of one of the biggest financial firms of the world, the Lehman Brothers in 2008. Before this, modern financial markets appeared robust and working efficiently: prosperity seemed unlimited and stability unquestionable. The crisis shifted soon from the financial sector to the real economy, infecting it with dramatic consequences on individuals’ lives, bringing with it recession and unemployment. This moment marked a watershed putting into discussion the current paradigms.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Financing in EuropeIntroduction

Part of the Palgrave Studies in the History of Finance Book Series
Editors: Lorenzini, Marcella; Lorandini, Cinzia; Coffman, D'Maris
Coffman, D’Maris; Lorandini, Cinzia; Lorenzini, Marcella
Financing in Europe — Feb 20, 2018
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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2018
ISBN
978-3-319-58492-8
Pages
1 –18
DOI
10.1007/978-3-319-58493-5_1
Publisher site
See Chapter on Publisher Site

Abstract

[In September 2007, the collapse of the Northern Rock Bank heralded a devastating financial crisis. That became evident with the failure of one of the biggest financial firms of the world, the Lehman Brothers in 2008. Before this, modern financial markets appeared robust and working efficiently: prosperity seemed unlimited and stability unquestionable. The crisis shifted soon from the financial sector to the real economy, infecting it with dramatic consequences on individuals’ lives, bringing with it recession and unemployment. This moment marked a watershed putting into discussion the current paradigms.]

Published: Feb 20, 2018

Keywords: Private Credit Market; Institutional Revolution; Early Modern Venice; Joint-stock Banks; Modern Banking

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