Banking Struture and the National Capital Market, 1869–1914
Bibliographic Data
| ID | 10101124 |
|---|---|
| Authors | Marie Elizabeth Sushka, W Brian Barrett (Arizona State University) |
| Year | 1984 |
| Volume | 44 |
| Issue | 2 |
| Pages | 463-477 |
| Publication date | 1984-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s002205070003206x |
| OpenAlex | W2006107861 |
| Language | EN |
| Citations received | 11 |
| References cited | 22 |
We examine (1) why, when a national capital market developed in the United States, regional interest rate differentials existed and seemed to narrow toward 1900, and (2) the changing patterns of banking behavior in the post-Civil War period. We show that a national capital market was established early (1870s), and regional rate differentials were a response to variations and changes in the interest sensitivity of business loan demand. Bank structure was characterized by monopoly, but it declined because of increasing sophistication of business financing decisions, which became more sensitive to open market rates (in particular the stock market) and to loan rates themselves
Business · Capital market · Capital market imperfections · Economics · Financial system · Interest rate · Loan · Market economy · Monetary economics · Monopoly · Political science · Sophistication · Spanish Civil War · Banking stability, regulation, efficiency · Finance · Global Financial Crisis and Policies · Historical Economic and Social Studies
Bank Rates of Return and Entry Restrictions, 1869–1914
Banking Structure and the National Capital Market, 1869–1914
Banking Structure and the National Capital Market, 1869–1914
Integration of International Capital Markets
The National Banking System and Southern Economic Growth
Explorations in monetary history
The evolution of a national banking market in pre-war Japan
Risk Structure of Postbellum U.S. Deposit Rates
U.S. Commercial Banking
Capital Mobility and Financial Integration in Antebellum America
Telegraph and capital market integration
Financial structure and development.
The Distributed Lag Between Capital Appropriations and Expenditures
Tests of Equality Between Sets of Coefficients in Two Linear Regressions
Banking Market Structure, Risk, and the Pattern of Local Interest Rates in the United States, 1893-1911
Mathematical Methods in Investment and Finance
Imperfections in the Capital Market
Market Power and Bank Lending
The Development of the National Money Market, 1893-1911
Federal Policy, Banking Market Structure, and Capital Mobilization in the United States, 1863–1913
American banking and growth in the nineteenth century
Handbook of Financial Economics
Federal Bank Policy, Bank Market Structure, and Bank Performance
The Investment Market, 1870-1914
| Unique citing works | 11 |
|---|---|
| Citations per year | 0,27 |
| Citation span | 1985 - 2025 (41) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 11 |