The Resource Dark Matter Credit : The Development of Peer-to-Peer Lending and Banking in France, Philip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal

Dark Matter Credit : The Development of Peer-to-Peer Lending and Banking in France, Philip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal

Label
Dark Matter Credit : The Development of Peer-to-Peer Lending and Banking in France
Title
Dark Matter Credit
Title remainder
The Development of Peer-to-Peer Lending and Banking in France
Statement of responsibility
Philip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal
Creator
Contributor
Author
Provider
Subject
Language
  • eng
  • eng
Summary
How a vast network of shadow credit financed European growth long before the advent of bankingPrevailing wisdom dictates that, without banks, countries would be mired in poverty. Yet somehow much of Europe managed to grow rich long before the diffusion of banks. Dark Matter Credit draws on centuries of cleverly collected loan data from France to reveal how credit abounded well before banks opened their doors. This incisive book shows how a vast system of shadow credit enabled nearly a third of French families to borrow in 1740, and by 1840 funded as much mortgage debt as the American banking system of the 1950s.Dark Matter Credit traces how this extensive private network outcompeted banks and thrived prior to World War I-not just in France but in Britain, Germany, and the United States-until killed off by government intervention after 1918. Overturning common assumptions about banks and economic growth, the book paints a revealing picture of an until-now hidden market of thousands of peer-to-peer loans made possible by a network of brokers who matched lenders with borrowers and certified the borrowers' creditworthiness.A major work of scholarship, Dark Matter Credit challenges widespread misperceptions about French economic history, such as the notion that banks proliferated slowly, and the idea that financial innovation was hobbled by French law. By documenting how intermediaries in the shadow credit market devised effective financial instruments, this compelling book provides new insights into how countries can develop and thrive today
Cataloging source
DE-B1597
http://library.link/vocab/creatorName
Hoffman, Philip T
Government publication
other
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Postel-Vinay, Gilles
  • Rosenthal, Jean-Laurent
  • De Gruyter
Series statement
The Princeton Economic History of the Western World
Series volume
76
Target audience
specialized
Label
Dark Matter Credit : The Development of Peer-to-Peer Lending and Banking in France, Philip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal
Instantiates
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Chapter 5. The Brief but Significant Life of an Institutional Innovation
  • Chapter 6. The Diffusion of Banks: Peer- to- Peer Credit Markets as Substitutes for Banks
  • Chapter 7. Banks and Notaries
  • Chapter 8. Prices Return
  • Chapter 9. Conclusion
  • Appendices
  • Notes
  • Bibliography
  • Index
  • Frontmatter
  • Contents
  • Acknowledgments
  • Introduction
  • Chapter 1. 1740 and the Rules of the Game
  • Chapter 2. Spatial Variety versus Centralization: Change in Eighteenth- Century Credit Markets
  • Chapter 3. The Revolution: Collapse, Reform, and Modeling the Space of Debt
  • Chapter 4. Networks of Knowledge
Extent
1 online resource
Form of item
online
Isbn
9780691185057
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.23943/9780691185057
Specific material designation
remote
System control number
  • (DE-B1597)501729
  • (DE-B1597)9780691185057
Label
Dark Matter Credit : The Development of Peer-to-Peer Lending and Banking in France, Philip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal
Publication
Copyright
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • Chapter 5. The Brief but Significant Life of an Institutional Innovation
  • Chapter 6. The Diffusion of Banks: Peer- to- Peer Credit Markets as Substitutes for Banks
  • Chapter 7. Banks and Notaries
  • Chapter 8. Prices Return
  • Chapter 9. Conclusion
  • Appendices
  • Notes
  • Bibliography
  • Index
  • Frontmatter
  • Contents
  • Acknowledgments
  • Introduction
  • Chapter 1. 1740 and the Rules of the Game
  • Chapter 2. Spatial Variety versus Centralization: Change in Eighteenth- Century Credit Markets
  • Chapter 3. The Revolution: Collapse, Reform, and Modeling the Space of Debt
  • Chapter 4. Networks of Knowledge
Extent
1 online resource
Form of item
online
Isbn
9780691185057
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other control number
10.23943/9780691185057
Specific material designation
remote
System control number
  • (DE-B1597)501729
  • (DE-B1597)9780691185057

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