Banking in an unregulated environment : California, 1878-1905 / Lynne Pierson Doti.

Format:

Book

Author/Creator:

Doti, Lynne Pierson, author.

Series:

Routledge Library Editions: Banking & Finance

Routledge Library Editions: Banking & Finance ; Volume 27

Language:

English

Subjects (All):

Banks and banking--Deregulation--California--History.

Banks and banking.

Banks and banking--California--History.

Physical Description:

1 online resource (237 p.)

Edition:

1st ed.

Place of Publication:

Abingdon, Oxon : Routledge, 2012.

Language Note:

English

Summary:

The study of financial history has never been more important. This volume focuses on theories about the relationship of financial markets to the rest of the economy. Searching out information on financial institutions and markets from the past, this work tests theories from the 1980s and 90s with this data, mainly in two fields of economics: financial structure and performance and economic development. Understanding and testing the relationship between money and credit and the level of output in the economy, the author emphasizes, may help predict or prevent business cycles and even make it

Contents:

Cover; Title; Copyright; Dedication; Contents; TABLES; PREFACE; INTRODUCTION; Money, Credit and the Economy; Monetary Systems; Financial Theories of Banking; EARLY HISTORY OF CALIFORNIA BANKING; The National Banking System and State Banks; Nineteenth Century Banking Theory; California Banking; California Banking Law; Banking in the 1870s; Banking in the 1880s and 1890s; The End of the Unregulated Era; THE COMPETITIVE BANKING ENVIRONMENT; Bank Behavior in a Competitive Market; Efficient Markets; Variation in the Costs for Bankers; Methods of Testing for Monopoly Power

Testing California for Efficient MarketsDefining the Market and Product; Data on California Banking History; EVIDENCE ON INTEREST RATE DIFFERENTIALS; Interest Rate Tests; Earnings/Assets Tests; EVIDENCE ON MONOPOLY POWER; Real Estate Lending; Implications of Real Estate Lending; Real Estate Loan Sources; Effect of Distance on Lending; Concentration and Service; Barriers to Entry; Correspondent Deposits; Profit; SUMMARY AND CONCLUSIONS; Financial History; Data on State Banks; California's Free Banking Environment; Real Estate Lending; Effect of Distance on Lending; Price Discrimination

Capital FlowsEvolution of the Capital Market; APPENDIX; BIBLIOGRAPHY; INDEX

Notes:

First published in 1995 by Garland Pub.

Includes bibliographical references and index.

Description based on online resource; title from title page (ebrary, viewed May 28, 2013).

ISBN:

1-136-26927-4

1-136-26928-2

0-203-10933-3

9780203109335

OCLC:

843642605