Postwar Changes in the American Financial Markets
128 Pages Posted: 25 Jun 2004 Last revised: 3 Oct 2020
Date Written: February 1980
Abstract
The object of this essay is to gain an overview of developments in theAmerican financial markets since World War II, with particular attention to changes that have occurred either between the prewar and post-war years or within the past several decades. Inevitably such an effort must be selective. The primary emphasis here is on the interaction between the financial markets and the nonfinancial economy, in the sense of the demands that the nonfinancial economy has placed on the financial markets and the ways in which the financial markets have responded to these demands. In addition, much of this essay focuses on the evolving role of government in the financial markets and on the changes that it has brought about. Questions pertaining to the internal organization of financial markets and financial institutions, and to financial innovations per se, are also important, but they will receive less attention here.
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Finite Lifetimes and the Crowding Out Effects of Budget Deficits
-
Credit Constraints, Cyclical Fiscal Policy and Industry Growth
By Philippe Aghion, David Hémous, ...
-
Cyclical Fiscal Policy, Credit Constraints, and Industry Growth
By Philippe Aghion, David Hémous, ...
-
Financing Capital Formation in the 1980s: Issues for Public Policy
-
By Garry Tang and Christian Upper
-
Changing Balance Sheet Relationships in the U.S. Manufacturing Sector, 1926-77