000859149 000__ 03919cam\a2200481Ii\4500 000859149 001__ 859149 000859149 005__ 20210515160822.0 000859149 006__ m\\\\\o\\d\\\\\\\\ 000859149 007__ cr\cn\nnnunnun 000859149 008__ 190328s2019\\\\njua\\\\ob\\\\001\0\eng\d 000859149 020__ $$a9780691185057$$q(electronic book) 000859149 020__ $$a0691185050$$q(electronic book) 000859149 020__ $$z9780691182179 000859149 035__ $$a(OCoLC)on1066741218 000859149 035__ $$a859149 000859149 040__ $$aN$T$$beng$$erda$$epn$$cN$T$$dEBLCP$$dN$T$$dYDXIT$$dOCLCF$$dDEGRU$$dJSTOR$$dIUL 000859149 043__ $$ae-fr--- 000859149 049__ $$aISEA 000859149 050_4 $$aHG3028$$b.H64 2019eb 000859149 08204 $$a332.10944$$223 000859149 1001_ $$aHoffman, Philip T.,$$d1947-$$eauthor. 000859149 24510 $$aDark matter credit :$$bthe development of peer-to-peer lending and banking in France /$$cPhilip T. Hoffman, Gilles Postel-Vinay, Jean-Laurent Rosenthal. 000859149 264_1 $$aPrinceton, New Jersey :$$bPrinceton University Press,$$c[2019] 000859149 300__ $$a1 online resource (303 pages) :$$billustrations. 000859149 336__ $$atext$$btxt$$2rdacontent 000859149 337__ $$acomputer$$bc$$2rdamedia 000859149 338__ $$aonline resource$$bcr$$2rdacarrier 000859149 4901_ $$aThe Princeton economic history of the Western world 000859149 504__ $$aIncludes bibliographical references and index. 000859149 50500 $$aIntroduction -- 1740 and the rules of the game -- Spatial variety versus centralization : change in eighteenth-century credit markets -- The Revolution : collapse, reform, and modeling the space of debt -- Networks of knowledge -- The brief but significant life of an institutional innovation -- The diffusion of banks : peer-to-peer credit markets as substitutes for banks -- Banks and notaries -- Prices return -- Conclusion. 000859149 506__ $$aAccess limited to authorized users. 000859149 520__ $$aPrevailing 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. --$$cProvided by publisher. 000859149 588__ $$aDescription based on print version record. 000859149 650_0 $$aBanks and banking$$zFrance. 000859149 650_0 $$aLoans$$zFrance. 000859149 650_0 $$aCredit$$zFrance. 000859149 7001_ $$aPostel-Vinay, Gilles,$$eauthor. 000859149 7001_ $$aRosenthal, Jean-Laurent,$$eauthor. 000859149 77608 $$iPrint version:$$aHoffman, Philip T., 1947-$$tDark credit matters.$$dPrinceton, New Jersey : Princeton University Press, 2019$$z9780691182179$$w(DLC) 2018953892 000859149 830_0 $$aPrinceton economic history of the Western world. 000859149 852__ $$bcoll 000859149 85280 $$bebk$$hProQuest Ebook Central 000859149 85640 $$3ProQuest Ebook Central$$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=5597883$$zOnline Access 000859149 909CO $$ooai:library.usi.edu:859149$$pGLOBAL_SET 000859149 980__ $$aEBOOK 000859149 980__ $$aBIB 000859149 982__ $$aEbook 000859149 983__ $$aOnline