Skip to main content
Disciplines
Automotive Business IT + Informatics Construction + Real Estate Electrical Engineering + Electronics Energy + Sustainability Insurance + Risk Finance + Banking Management + Leadership Marketing + Sales Mechanical Engineering + Materials
Events
DE
EN
Books
Journals
Topic Page
Marketing
Start single access now
Access for companies
EXTENDED SEARCH
Log in
Top
Published in:
Cover of the book

2018 | OriginalPaper | Chapter

Introduction

Authors : D’Maris Coffman, Cinzia Lorandini, Marcella Lorenzini

Published in: Financing in Europe

Publisher: Springer International Publishing

Log in

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

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.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

inform now
next chapter Erratum
Footnotes
1
On the role of notaries in Paris, see the pioneering book by Hoffman et al. (2000). That work gave rise to a flourishing international literature: for the medieval Dutch informal credit market, see Van Zanden et al. (2012); notarized loans in nineteenth-century Milan have been studied by De Luca (2013); the financial activity of notaries in Yucatan was studied by Levy (2012); for the German area, see Clemens and Reupke (2009). For the non-institutional means of credit in early modern Italy, see Carboni and Muzzarelli (2014); Giuffrida et al. (2016); García Guerra and De Luca (2010). See also one of the precursory studies carried out by Gigi Corazzol on notarial credit in sixteenth-century Venice: Corazzol (1986).
 
2
On the role of reputation in the Medieval Ages, see Todeschini (2011). On the function of trust in informal credit markets, see Fontaine (2001); Burns (2005).
 
Literature
Burns, K. 2005. Notaries, Truth and Consequences. The American Historical Review 10 (2): 350–379.CrossRef
Cameron, R., ed. 1972. Banking and Economic Development. Some Lessons of History. New York: Oxford University Press.
Cameron, R., et al. 1967. Banking in the Early Stages of Industrialization. A Study in Comparative Economic History. New York: Oxford University Press.
Carboni, M., and G.M. Muzzarelli, eds. 2014. Reti di credito: circuiti informali, impropri, nascosti (secoli XIII–XIX). Bologna: Il Mulino.
Cassis, Y., G. De Luca and M. Florio, eds. 2016. Infrastructure Finance in Europe. Insights into the History of Water, Transport, and Telecommunications. Oxford: Oxford University Press.
Clemens, G., and D. Reupke. 2009. Der Notar als Broker. Das Management des Privaten Kreditmarkts. Zeitschrift für Verbraucher- und Privat-Insolvenzrecht 8: 16–22.
Corazzol, G. 1986. Livelli stipulati a Venezia nel 1591. Pisa: Giardini Ed.
———. 2013. Informal Credit and Economic Modernization in Milan (1802–1840). The Journal of European Economic History XLII: 211–234.
Demirgüç-Kunt, A., and R. Levine, eds. 2001. Financial Structure and Economic Growth. A Cross-Country Comparison of Banks, Markets, and Development. Cambridge: MIT Press.
Fanfani, T., ed. 2002–2003. Alle origini della banca, 2 vols. Roma: Bancaria editrice.
Fontaine, L. 2001. Antonio and Shylock. Credit and Trust in France, c. 1680–c. 1780. The Economic History Review 54 (1): 39–57.CrossRef
———. 2014. The Moral Economy: Poverty, Credit and Trust in Early Modern Europe. Cambridge: Cambridge University Press.
García Guerra, E.M., and G. De Luca, eds. 2010. Il mercato del credito in età moderna. Reti e operatori finanziari nello spazio europeo. Milano: FrancoAngeli.
Gerschenkron, A. 1962. Economic Backwardness in Historical Perspective. Cambridge: Belknap Press of Harvard University Press.
Giuffrida, A., R. Rossi, and G. Sabatini, eds. 2016. Informal Credit in the Mediterranean Area, XVI–XIX Centuries. Palermo: New Digital Frontiers.
Goldsmith, R.W. 1969. Financial Structure and Development. New Haven: Yale University Press.
Greif, A. 2006. Institutions and the Path to the Modern Economy: Lessons from Medieval Trade. Cambridge: Cambridge University Press.CrossRef
Hoffman, P.T., G. Postel-Vinay, and J.-L. Rosenthal, eds. 2000. Priceless Markets. The Political Economy of Credit in Paris, 1660–1870. Chicago: University of Chicago Press.
Levine, R. 2005. Finance and Growth: Theory, Mechanisms and Evidence. In Handbook of Economic Growth, ed. P. Aghion and S. Durlauf. Amsterdam: North Holland.
Levy, J. 2012. The Making of a Market: Credit, Henequen, and Notaries in Yucatán, 1850–1900. University Park: Penn State University Press.
Mauri, A. 2000. La finanza informale nelle economie in via di sviluppo. Working paper, no. 9, p. 7, 16.
McKinnon, R.J. 1973. Money and Capital in Economic Development. Washington, DC: Brookings Institution.
Michie, R.C. 1999. The London Stock Exchange: A History. Oxford: Oxford University Press.
Muldrew, C. 2012. Debt, Credit, and Poverty in Early Modern England. In A Debtor World: Interdisciplinary Perspectives on Debt, ed. R. Brubaker, R.M. Lawless, and C.J. Tabb, 9–35. New York: Oxford University Press.CrossRef
Neal, L. 2015. A Concise History of International Finance: From Babylon to Bernanke. Cambridge: Cambridge University Press.CrossRef
North, D.C. 1990. Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press.CrossRef
Piola Caselli, F., ed. 2008. Government Debts and Financial Markets in Europe. London: Pickering & Chatto.
Shaw, E.S. 1973. Financial Deepening in Economic Development. London/New York: Oxford University Press.
Tilly, R. 2003. Geld und Kredit in der Wirtschaftsgeschichte. Stuttgart: F. Steiner.
Todeschini, G. 2011. La reputazione economica come fattore di cittadinanza nell’Italia dei secoli XIV–XV. In Fama e publica vox nel Medioevo, ed. I. Lori Sanfilippo and A. Rigon, 103–118. Roma: Istituto Storico Italiano per il Medioevo.
van Zanden, J., J. Zuijderduijn, and T. De Moor. 2012. Small Is Beautiful: The Efficiency of Credit Markets in the Late Medieval Holland. European Review of Economic History 16: 3–22.CrossRef
Metadata
Title
Introduction
Authors
D’Maris Coffman
Cinzia Lorandini
Marcella Lorenzini
Copyright Year
2018
Book
Financing in Europe

Print ISBN: 978-3-319-58492-8

Electronic ISBN: 978-3-319-58493-5

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-3-319-58493-5_1