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Revolutionary Finance? Capital Mobilization and Utilization in Pre-War Germany and Italy

Fohlin, Caroline (1997) Revolutionary Finance? Capital Mobilization and Utilization in Pre-War Germany and Italy. Social Science Working Paper, 999. California Institute of Technology , Pasadena, CA. (Unpublished)

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Accumulation, mobilization, and efficient utilization of capital represent serious obstacles to industrialization. Financial institutions may ease these problems by stimulating savings, matching savers and investors, and offering business or investment advice to entrepreneurs. German-style universal banks are believed by many to have played a crucial part in overcoming all three capital related stumbling blocks. Using evidence on deposit taking and branching, banks' liability structure, interlocking directorates between banks and industrial companies, and firm-level investment patterns, the paper investigates the role of German and Italian universal banks in the mobilization and efficient utilization of capital at the turn of the last century.

Item Type:Report or Paper (Working Paper)
Fohlin, Caroline0000-0002-1380-2788
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:999
Record Number:CaltechAUTHORS:20170814-165512165
Persistent URL:
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:80398
Deposited By: Jacquelyn Bussone
Deposited On:15 Aug 2017 15:57
Last Modified:03 Oct 2019 18:30

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