作者:Doyle, WM
摘要:In this article I develop a taxonomy of financial practices based on whether financial activity is intended to fund new capital investment or to create new financial structures to accommodate planned changes in the structure of an industry's existing capital stock. The taxonomy is then applied to the financial development of the U.S. sugar-refining industry between 1875 and 1905. The taxonamy provides an explanation of the rise of the large, widely held industrial corporation in the United Sta...
作者:Leiden University; Leiden University - Excl LUMC
作者:University System of Ohio; Miami University
作者:Vrije Universiteit Amsterdam
作者:Boston University
摘要:This article illustrates the impact of Jewish lenders on private credit markets and public finance in medieval and Renaissance Italian towns. In Tuscan private credit markets, Jewish lending helped households to smooth consumption, buy working capital, and provide dowries for daughters. Jewish lenders also helped the public finances of the communes in which they resided. This article shows that public-finance considerations affected the choice of the interest-rate ceiling Jews were allowed to ...