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Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England by Naomi R. Lamoreaux

Insider Lending: Banks, Personal Connections, and Economic Development in Industrial New England

NBER Series on Long-Term Factors in Economic Development

Naomi R. Lamoreaux

194 pages missing pub info (editions)

nonfiction business economics history
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Description

Today the term "insider lending" conveys an aura of abuse and corruption, of unethical, if not illegal, behavior. In early nineteenth century New England, however, insider lending was an integral aspect of the banking system. Not only was the prac...

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