All-UC Group in Economic History Conference
Jan 21, 2012 12:30 PM
This workshop, co-sponsored by the All-UC Group in Economic History, analyzes the historical development of intermediation in financial markets before the creation of modern banks. Globally, banks are relative newcomers in financial markets. They are a recent and fallible institution in the developed world, and they are still rare and/or inefficient in developing countries.
Recent research on non-bank intermediaries in European, Latin American and African contexts instead reveals the markets and institutions that supported financial interactions before the era of banks. This research demonstrates how information was managed and intermediated via personal and professional networks and reveals the underlying mechanisms of financial intermediation in historical and current markets.
The workshop is comparative and has a wide geographical and chronological scope. It aims to identify the variables that explain the rise and role of intermediaries as financial institutions by bringing together scholars on different parts of the world and different times in history to compare and connect the many complementary forms of financial intermediation that support the development of financial markets and economic growth.