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State Banking in Early America – A New Economic History - Oxford Scholarship Online
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State Banking in Early America: A New Economic History

Howard Bodenhorn


An outpouring of recent theoretical and empirical research places financial intermediaries center stage in the process of economic growth. Through their dealings with customers as depositors, borrowers, entrepreneurs, and shareholders, financial intermediaries have an advantage over other market participants in gathering and evaluating information on the likely success of many entrepreneurial projects. Despite this outpouring of work on the connection between aggregate economic activity and total financial intermediation, less attention has been paid to whether there is a best type of banking. ... More

Keywords: branch banking, deposit insurance, economic growth, federalism, financial experimentation, financial intermediaries, free banking, regions, Suffolk system, USA

Bibliographic Information

Print publication date: 2002 Print ISBN-13: 9780195147766
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0195147766.001.0001


Affiliations are at time of print publication.

Howard Bodenhorn, author
Lafayette College