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Land and credit: a study of the political economy of banking in the United States in the early 20th century.

Rajan, Raghuram G. - ; Ramcharan, Rodney - ;

We find that, in the early 20th century, counties in the United States where the agricultural elite had disproportionately large land holdings had significantly fewer banks per capita, even correcting for state-level effects. Moreover, credit appears to have been costlier, and access to it more limited, in these counties. The evidence suggests that elites may restrict financial development in order to limit access to finance, and they may be able to do so even in countries with well-developed political institutions.Printed journal


Ketersediaan

Call NumberLocationAvailable
JOF6606PSB lt.dasar - Pascasarjana1
Penerbit: Wiley Periodicals
Edisi-
SubjekUnited States
Credit
Financial institutions
Banking industry
Agriculture
Financial services industry
Elite (Social sciences)
Counties
Landowners
Landlords
National banks (United States)
history 1919 1933
ISBN/ISSN221082
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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