Dark Matter Credit: The Development of Peer-To-Peer Lending and Banking in France (Hoffman Philip T.)(Pevná vazba)

Dark Matter Credit: The Development of Peer-To-Peer Lending and Banking in France (Hoffman Philip T.)(Pevná vazba)

Dark Matter Credit: The Development of Peer-To-Peer Lending and Banking in France (Hoffman Philip T.)(Pevná vazba)

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Dark Matter Credit: The Development of Peer-To-Peer Lending and Banking in France (Hoffman Philip T.)(Pevná vazba) - popis produktu

How a vast network of shadow credit financed European growth long before the advent of banking

Prevailing 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.

Dark Matter Credit: The Development of Peer-To-Peer Lending and Banking in France (Hoffman Philip T.)(Pevná vazba) - historie ceny a dostupnosti

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