The Chinese cornerstone of modern banking : the Canton guaranty system and the origins of bank deposit insurance 1780-1933 / by Frederick Delano Grant, Jr.

Format:

Book

Author/Creator:

Grant, Frederick Delano, Jr., author.

Series:

Legal history library ; Volume 14.

Legal history library. Studies in the history of private law ; Volume 6.

Legal History Library, 1874-1793 ; Volume 14

Legal history library. Studies in the history of private law ; Volume 6

Language:

English

Subjects (All):

Deposit insurance--China--Guangzhou--History.

Deposit insurance.

Suretyship and guaranty--China--Guangzhou--History.

Suretyship and guaranty.

Banks and banking--China--History.

Banks and banking.

Physical Description:

1 online resource (378 p.)

Edition:

1st ed.

Place of Publication:

Leiden, Netherlands : Brill Nijhoff, 2014.

Language Note:

English

Summary:

Modern bank insurance is traced to its roots in The Chinese Cornerstone of Modern Banking: The Canton Guaranty System and the Origins of Bank Deposit Insurance 1780-1933 . Frederic Delano Grant, Jr. provides new understandings of the Canton System, collective responsibility for debt at Canton, and the history of deposit insurance. The Canton Guaranty System inspired radical reform in New York in 1829 – the ancestor of all modern deposit insurance. Yet it was never the success imagined, and soon failed. In the Opium War, the Chinese government as implicit guarantor was forced to pay its debts in full on 23 July 1843. The afflictions of the Chinese system, including moral hazard, too big to fail, and unenforced laws, remain familiar today.

Contents:

Preliminary Material / Frederic Delano Grant

1 Introduction / Frederic Delano Grant

2 Sources of the Canton Guaranty System / Frederic Delano Grant

3 Evolution of the Canton Guaranty System / Frederic Delano Grant

4 The Fund is Drained, 1780–1799 / Frederic Delano Grant

5 Three Plagues: War, Piracy and Litigation, 1800–1814 / Frederic Delano Grant

6 Years of Rebound and Opium, 1815–1828 / Frederic Delano Grant

7 The Last Years of the Canton System, 1829–1842 / Frederic Delano Grant

8 From Safety Fund to Bank Deposit Insurance / Frederic Delano Grant

9 Eighty Years of Bank Deposit Insurance / Frederic Delano Grant

10 Epilogue / Frederic Delano Grant

Appendices / Frederic Delano Grant

Bibliography / Frederic Delano Grant

Index / Frederic Delano Grant.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

90-04-27656-4

OCLC:

893333616

Publisher Number:

10.1163/9789004276567 DOI