Unsettled Account: The Evolution of Banking in the Industrialized World since 1800 Richard S. Grossman is an English-language study book focused on the development of commercial banks. This title provides an in-depth, comparative look at the history and changes in banking in Western Europe, the United States, Canada, Japan, and Australia.
Grossman analyzes the key factors that have shaped the evolution of commercial banks: crises, bailouts, mergers, and regulation. The book highlights why some banking systems are better able to withstand crises and how historical developments continue to affect modern events such as the subprime crisis. In doing so, it makes an important contribution to understanding the operation and future of commercial banks worldwide.
Unsettled Account is essential for professionals and students looking for a solid and up-to-date overview of the evolution of the banking sector, with an emphasis on economic history and business economics.
The content aligns with topics such as Economic history, Banking, and BUSINESS & ECONOMICS / Economic History.
Series: The Princeton Economic History of the Western World