A new version of this entry is available:
Loading...
ResearchPaper
2017
Savings banks and the industrial revolution in Prussia : supporting regional development with public financial institutions
Savings banks and the industrial revolution in Prussia : supporting regional development with public financial institutions
Abstract (English)
We show that smaller, regional public financial intermediaries significantly contributed to industrial development, using a new data set of the foundation year and location of Prussian savings banks. This extends the banking-growth nexus beyond its traditional focus on the large universal banks, to savings banks. The saving banks had an impact through the financing of public infrastructure, such as railways, and new private factories. Saving banks were public financial intermediaries, so our results strongly suggest that state intervention can be very successful, particularly in regions in the early stages of industrial development when capital requirements are manageable, and access to international capital markets is limited.
File is subject to an embargo until
This is a correction to:
A correction to this entry is available:
This is a new version of:
Notes
Publication license
Publication series
Hohenheim discussion papers in business, economics and social sciences; 2017,18
Published in
Faculty
Faculty of Business, Economics and Social Sciences
Institute
Institute of Economics
Examination date
Supervisor
Edition / version
Citation
Identification
DOI
ISSN
ISBN
Language
English
Publisher
Publisher place
Classification (DDC)
330 Economics
Original object
Standardized keywords (GND)
Sustainable Development Goals
BibTeX
@techreport{Wahl2017,
url = {https://hohpublica.uni-hohenheim.de/handle/123456789/6173},
author = {Wahl, Fabian and Lehmann-Hasemeyer, Sibylle},
title = {Savings banks and the industrial revolution in Prussia : supporting regional development with public financial institutions},
year = {2017},
school = {Universität Hohenheim},
series = {Hohenheim discussion papers in business, economics and social sciences},
}