The Chinese Cornerstone of Modern Banking
The Canton Guaranty System and the Origins of Bank Deposit Insurance 1780-1933
Bibliographic Data
| ID | 19929205 |
|---|---|
| Authors | Frederic Delano Grant (corresponding author), Jr Frederic Delano Grant, Frederick Delano Jr Grant |
| Year | 2014 |
| Pages | 360 |
| Publication date | 2014-09-25 |
| Open Access | No |
| Type | BOOK |
| Venue | The Chinese cornerstone of modern banking (SOURCE_BOOK) |
| Publisher | Brill | Nijhoff (PUBLISHER) |
| DOI | 10.1163/9789004276567 |
| OpenAlex | W4235671106 |
| ISBN | 9789004276567 |
| Open Library | OL31033864M |
| Language | EN |
| Citations received | 2 |
Modern bank insurance is traced to its roots in The Chinese Cornerstone of Modern Banking: The Canton Guaranty System and the Origins of Bank Deposit Insurance 1780-1933. Frederic Delano Grant, Jr. provides new understandings of the Canton System, collective responsibility for debt at Canton, and the history of deposit insurance. The Canton Guaranty System inspired radical reform in New York in 1829 – the ancestor of all modern deposit insurance. Yet it was never the success imagined, and soon failed. In the Opium War, the Chinese government as implicit guarantor was forced to pay its debts in full on 23 July 1843. The afflictions of the Chinese system, including moral hazard, too big to fail, and unenforced laws, remain familiar today
Business · China · Cornerstone · Debt · Economic history · Economics · Financial system · Government (linguistics) · Market economy · Moral hazard · Political science · Surety · Chinese history and philosophy · Colonialism, slavery, and trade · Finance · Global Maritime and Colonial Histories · History · Law · Banks and banking · china · Deposit insurance · Guangzhou · Suretyship and guaranty
| Citations per year | 0.5 |
|---|---|
| Citation span | 2022 - 2024 (3) |
| Highly cited | No |