Unsettled Account: The Evolution of Banking in the Industrialized World since 1800 Richard S. Grossman is an English-language study book about the development of commercial banking systems. This book focuses on students and professionals who want to gain insight into the history and dynamics of banks in Western countries.
In this work, Grossman examines the key factors behind the evolution of banking systems: crises, government support, mergers, and regulation. With examples from Western Europe, the United States, Canada, Japan, and Australia, it offers a broad comparative perspective on how commercial banks have developed over the past two centuries.
Unsettled Account analyzes the causes of bank crises and which systems are more resilient. It also addresses how governments and financial institutions respond to crises and why consolidations and regulations occur. This book makes the complexity of modern commercial banking understandable and relevant to today's financial world.
A valuable source for anyone who wants to understand the history and future of commercial banking, and who wants to gain insight into its impact on the world economy.
The content connects to topics such as Economic History, Banking, and BUSINESS & ECONOMICS / Economic History.
Series: The Princeton Economic History of the Western World