Banking: A Political Economic Overview

Year 2014, Issue: 101, 159 - 182, 01.04.2014

Ali Tarhan

https://doi.org/10.33203/mfy.519257

Abstract

Banking
business keeps its importance in an economy since the ancient times. Banking
initially was not a reputable business. However, from the beginning of middle
of the nineteenth century banking turned into a respectful business. This
historical period also indicates the establishment of big invest­ment banks in
the United States (US). These investment banks made important contributions in
development of the US by financing the big projects via securitizations in
financial markets. The aim of this study is to examine the political powers of
these big financial institutions.

Keywords

Political Economy, Power, Banking

Banking: A Political Economic Overview

Abstract

Banking
business keeps its importance in an economy since the ancient times. Banking
initially was not a reputable business. However, from the beginning of middle
of the nineteenth century banking turned into a respectful business. This
historical period also indicates the establishment of big invest­ment banks in
the United States (US). These investment banks made important contributions in
development of the US by financing the big projects via securitizations in
financial markets. The aim of this study is to examine the political powers of
these big financial institutions.

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