The Chinese Cornerstone of Modern Banking: The Canton Guaranty System and the Origins of Bank Deposit Insurance 1780-1933Martinus Nijhoff Publishers, 2014年9月25日 - 378 頁 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. |
內容
Chapter 1 Introduction | 1 |
Chapter 2 Sources of the Canton Guaranty System | 18 |
Chapter 3 Evolution of the Canton Guaranty System | 54 |
Chapter 4 The Fund is Drained 17801799 | 126 |
War Piracy and Litigation 18001814 | 146 |
Chapter 6 Years of Rebound and Opium 18151828 | 166 |
Chapter 7 The Last Years of the Canton System 18291842 | 192 |
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