000			04242cam a2200649 i 4500
001			20616672
003			OSt
005			20230825013406.0
008			180803s2019 njuab b 001 0 eng c
010			_a 2018953892
015			_aGBB932624 _2bnb
016	7		_a019259036 _2Uk
020			_a9780691182179 _q(hardback)
020			_a0691182175 _q(hardback)
035			_a(OCoLC)on1060598774
040			_aTOH _beng _cTOH _erda _dOCLCQ _dTOH _dOCLCO _dVXW _dUKMGB _dDKU _dOBE _dCHVBK _dOCLCO _dOCLCA _dBDX _dOCLCA _dDLC
042			_apcc
043			_ae-fr---
050	0	0	_aHG3028 _b.H56 2019
072		7	_aBUS _x027000 _2bisacsh
092			_20
100	1		_aHoffman, Philip T., _d1947- _eauthor.
245	1	0	_aDark matter credit [electronic resource]: _bthe development of peer-to-peer lending and banking in France / _cPhilip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal.
264		1	_aPrinceton, New Jersey : _bPrinceton University Press, _c[2019]
300			_a1 digital resource (303 pages) : _billustrations, maps ; _c25 cm.
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
490	1		_aThe Princeton economic history of the Western world
500			_aDr. Sothy's File
504			_aIncludes bibliographical references (pages 265-298) and index.
505	0		_aIntroduction -- 1740 and the rules of the game -- Spatial variety versus centralization : change in eighteenth-century credit markets -- The Revolution : collapse, reform, and modeling the space of debt -- Networks of knowledge -- The brief but significant life of an institutional innovation -- The diffusion of banks : peer-to-peer credit markets as substitutes for banks -- Banks and notaries -- Prices return -- Conclusion.
520			_aPrevailing 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. -- _cProvided by publisher.
650		0	_aBanks and banking _zFrance.
650		0	_aLoans _zFrance.
650		0	_aCredit _zFrance.
650		7	_aBUSINESS & ECONOMICS / Finance. _2bisacsh
650		7	_aBanks and banking. _2fast _0(OCoLC)fst00826867
650		7	_aCredit. _2fast _0(OCoLC)fst00882525
650		7	_aLoans. _2fast _0(OCoLC)fst01001045
650		7	_aKreditwesen _2gnd
650		7	_aSchattenwirtschaft _2gnd
650		7	_aSchulden _2gnd
650		7	_aSoziales Netzwerk _2gnd
650		7	_aDarlehen _2gnd
651		7	_aFrance. _2fast _0(OCoLC)fst01204289
651		7	_aEuropa _2gnd
651		7	_aFrankreich _2gnd
700	1		_aPostel-Vinay, Gilles, _eauthor.
700	1		_aRosenthal, Jean-Laurent, _eauthor.
830		0	_aPrinceton economic history of the Western world.
887			_2CamTech Library
906			_a7 _bcbc _cpccadap _d2 _encip _f20 _gy-gencatlg
942			_2ddc _cEM _n0
999			_c1270 _d1270