Introduction

D'Maris Coffman (), Cinzia Lorandini and Marcella Lorenzini
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Cinzia Lorandini: Università degli Studi di Trento
Marcella Lorenzini: Università degli Studi di Milano

A chapter in Financing in Europe, 2018, pp 1-18 from Palgrave Macmillan

Abstract: Abstract In September 2007, the collapse of the Northern Rock Bank heralded a devastating financial crisis. That became evident with the failure of one of the biggest financial firms of the world, the Lehman Brothers in 2008. Before this, modern financial markets appeared robust and working efficiently: prosperity seemed unlimited and stability unquestionable. The crisis shifted soon from the financial sector to the real economy, infecting it with dramatic consequences on individuals’ lives, bringing with it recession and unemployment. This moment marked a watershed putting into discussion the current paradigms.

Keywords: Private Credit Market; Institutional Revolution; Early Modern Venice; Joint-stock Banks; Modern Banking (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-58493-5_1

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DOI: 10.1007/978-3-319-58493-5_1

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