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

  • Tom Petersson
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Tom Petersson 2010

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  • Tom Petersson

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