skip to content
Dark matter credit : the development of peer-to-peer lending and banking in France Preview this item
ClosePreview this item
Checking...

Dark matter credit : the development of peer-to-peer lending and banking in France

Author: Philip T Hoffman; Gilles Postel-Vinay; Jean-Laurent Rosenthal
Publisher: Princeton, New Jersey : Princeton University Press, [2019]
Series: Princeton economic history of the Western world.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
Additional Physical Format: Print version:
Hoffman, Philip T., 1947-
Dark matter credit.
Princeton, New Jersey : Princeton University Press, [2019]
(DLC) 2018953892
(OCoLC)1060598774
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Philip T Hoffman; Gilles Postel-Vinay; Jean-Laurent Rosenthal
ISBN: 9780691185057 0691185050
OCLC Number: 1066741218
Description: 1 online resource (303 pages) : illustrations
Contents: 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 --
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
Series Title: Princeton economic history of the Western world.
Responsibility: Philip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal.

Abstract:

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.

Reviews

Editorial reviews

Publisher Synopsis

"Highly recommended for anyone interested in economic history, regardless of their disciplinary backgrounds and areas of specialization."---Francesca Trivellato, EH.Net

 
User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1066741218> # Dark matter credit : the development of peer-to-peer lending and banking in France
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
    library:oclcnum "1066741218" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/nju> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Topic/loans> ; # Loans
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Topic/credit> ; # Credit
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Topic/business_&_economics_banks_&_banking> ; # BUSINESS & ECONOMICS--Banks & Banking
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Topic/banks_and_banking> ; # Banks and banking
    schema:about <http://dewey.info/class/332.10944/e23/> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Topic/loans_france> ; # Loans--France
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Topic/banks_and_banking_france> ; # Banks and banking--France
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Topic/credit_france> ; # Credit--France
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Place/france> ; # France.
    schema:about <http://experiment.worldcat.org/entity/work/data/5033922512#Topic/business_&_economics_finance> ; # BUSINESS & ECONOMICS--Finance
    schema:author <http://experiment.worldcat.org/entity/work/data/5033922512#Person/hoffman_philip_t_1947> ; # Philip T. Hoffman
    schema:author <http://experiment.worldcat.org/entity/work/data/5033922512#Person/rosenthal_jean_laurent> ; # Jean-Laurent Rosenthal
    schema:author <http://experiment.worldcat.org/entity/work/data/5033922512#Person/postel_vinay_gilles> ; # Gilles Postel-Vinay
    schema:bookFormat schema:EBook ;
    schema:datePublished "2019" ;
    schema:description "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."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/5033922512> ;
    schema:genre "Electronic books"@en ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/5033922512#Series/princeton_economic_history_of_the_western_world> ; # Princeton economic history of the Western world.
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/5033922512#Series/the_princeton_economic_history_of_the_western_world> ; # The Princeton economic history of the Western world
    schema:isSimilarTo <http://www.worldcat.org/oclc/1060598774> ;
    schema:name "Dark matter credit : the development of peer-to-peer lending and banking in France"@en ;
    schema:productID "1066741218" ;
    schema:url <http://www.vlebooks.com/vleweb/product/openreader?id=none&isbn=9780691185057> ;
    schema:url <https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1832189> ;
    schema:url <https://public.ebookcentral.proquest.com/choice/publicfullrecord.aspx?p=5597883> ;
    schema:url <https://www.jstor.org/stable/10.2307/j.ctv346sks> ;
    schema:url <https://www.degruyter.com/doc/cover/9780691185057.jpg> ;
    schema:url <https://muse.jhu.edu/book/62934> ;
    schema:url <https://www.degruyter.com/doi/book/10.23943/9780691185057> ;
    schema:workExample <http://worldcat.org/isbn/9780691185057> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1066741218> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/5033922512#Person/hoffman_philip_t_1947> # Philip T. Hoffman
    a schema:Person ;
    schema:birthDate "1947" ;
    schema:familyName "Hoffman" ;
    schema:givenName "Philip T." ;
    schema:name "Philip T. Hoffman" ;
    .

<http://experiment.worldcat.org/entity/work/data/5033922512#Person/postel_vinay_gilles> # Gilles Postel-Vinay
    a schema:Person ;
    schema:familyName "Postel-Vinay" ;
    schema:givenName "Gilles" ;
    schema:name "Gilles Postel-Vinay" ;
    .

<http://experiment.worldcat.org/entity/work/data/5033922512#Person/rosenthal_jean_laurent> # Jean-Laurent Rosenthal
    a schema:Person ;
    schema:familyName "Rosenthal" ;
    schema:givenName "Jean-Laurent" ;
    schema:name "Jean-Laurent Rosenthal" ;
    .

<http://experiment.worldcat.org/entity/work/data/5033922512#Series/princeton_economic_history_of_the_western_world> # Princeton economic history of the Western world.
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1066741218> ; # Dark matter credit : the development of peer-to-peer lending and banking in France
    schema:name "Princeton economic history of the Western world." ;
    .

<http://experiment.worldcat.org/entity/work/data/5033922512#Series/the_princeton_economic_history_of_the_western_world> # The Princeton economic history of the Western world
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1066741218> ; # Dark matter credit : the development of peer-to-peer lending and banking in France
    schema:name "The Princeton economic history of the Western world" ;
    .

<http://experiment.worldcat.org/entity/work/data/5033922512#Topic/banks_and_banking> # Banks and banking
    a schema:Intangible ;
    schema:name "Banks and banking"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/5033922512#Topic/banks_and_banking_france> # Banks and banking--France
    a schema:Intangible ;
    schema:name "Banks and banking--France"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/5033922512#Topic/business_&_economics_banks_&_banking> # BUSINESS & ECONOMICS--Banks & Banking
    a schema:Intangible ;
    schema:name "BUSINESS & ECONOMICS--Banks & Banking"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/5033922512#Topic/business_&_economics_finance> # BUSINESS & ECONOMICS--Finance
    a schema:Intangible ;
    schema:name "BUSINESS & ECONOMICS--Finance"@en ;
    .

<http://worldcat.org/isbn/9780691185057>
    a schema:ProductModel ;
    schema:isbn "0691185050" ;
    schema:isbn "9780691185057" ;
    .

<http://www.worldcat.org/oclc/1060598774>
    a schema:CreativeWork ;
    rdfs:label "Dark matter credit." ;
    schema:description "Print version:" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/1066741218> ; # Dark matter credit : the development of peer-to-peer lending and banking in France
    .

<http://www.worldcat.org/title/-/oclc/1066741218>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/1066741218> ; # Dark matter credit : the development of peer-to-peer lending and banking in France
    schema:dateModified "2020-01-20" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.