Cooperation, Interbank Markets and Bank-Industry Networks: The Growth and Characteristics of Swedish Bank Lending, 1860–1910

Tom Petersson

Chapter 4 in The Swedish Financial Revolution, 2010, pp 64-78 from Palgrave Macmillan

Abstract: Abstract From the 1860s to the early twentieth century the volumes on the Swedish credit market practically doubled every tenth year (see Figure 4.1). In some periods, for example in the 1860s and the 1890s, the speed of growth was especially rapid. Gradually, the institutionalized credit market, i.e. a market organizationally speaking consisting of governmentally chartered and controlled financial intermediaries, replaced the earlier credit system dominated by private bankers and merchant houses.1 The institutional credit market could also to a much larger degree, and more effectively, than before handle long term and large scale credits, and thus be able to promote the ongoing industrial revolution and the large industrial companies at the core of that revolution.

Keywords: Commercial Bank; Credit Market; Economic History; Saving Bank; Interbank Market (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-29723-4_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230297234

DOI: 10.1057/9780230297234_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().