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The Origins of National Financial Systems

Alexander Gerschenkron Reconsidered

The Origins of National Financial Systems by Douglas J. Forsyth
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Since the nineteenth century, there has been an accepted distinction between financial systems that separate commercial and investment banking and those that do not. This comprehensive collection aims to establish how and why financial systems develop, and how knowledge of financial differentiation in the nineteenth century may afford insight into the development of contemporary banking structure.

This book poses a systematic challenge to Alexander Gerschenkron's 1950s thesis on universal banks. With contributions from leading scholars such as Ranald Michie and Jaime Reis, this well written book provides solid and intriguing arguments throughout.

Taylor and Francis; August 2003
254 pages; ISBN 9781134417308
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Title: The Origins of National Financial Systems
Author: Douglas J. Forsyth; Daniel Verdier
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