| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12500 |
| DP12500 Savings Banks and the Industrial Revolution in Prussia Supporting Regional Development with Public Financial Institutions | |
| Sibylle Lehmann-Hasemeyer; Fabian Wahl | |
| 发表日期 | 2017-12-13 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We show that smaller, regional public financial intermediaries significantly contributed to industrial development, using a new data set of the foundation year and location of Prussian savings banks. This extends the banking-growth nexus beyond its traditional focus on the large universal banks, to savings banks. The saving banks had an impact through the financing of public infrastructure, such as railways, and new private factories. Saving banks were public financial intermediaries, so our results suggest that state intervention can be successful, particularly at early stages of industrial development when capital requirements are manageable, and access to international capital markets is limited. |
| 主题 | Development Economics ; Economic History |
| 关键词 | Savings banks Prussia Industrialisation Public infrastructure Regional and urban development |
| URL | https://cepr.org/publications/dp12500 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541311 |
| 推荐引用方式 GB/T 7714 | Sibylle Lehmann-Hasemeyer,Fabian Wahl. DP12500 Savings Banks and the Industrial Revolution in Prussia Supporting Regional Development with Public Financial Institutions. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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