ABSTRACT

Originally published in 1992, Capital Mobilization and Regional Financial Markets, argues that barriers to financial flows within regions may be as important in affecting capital flows as interregional barriers. The book conjectures that regional markets allow efficient mobilization of local funds and develops an analytical framework to motivate an investigation of region financial development in the Pacific Coast states between 1850 and 1920.

chapter 1|4 pages

Introduction

chapter 2|16 pages

The Missing Geography of Capital Markets

chapter 3|13 pages

Conceptualizing Regional Financial Markets

chapter 4|40 pages

Capital and Growth in the Pacific Region

chapter 6|53 pages

Testing the Market Integration Hypothesis

chapter 7|7 pages

Conjectures and Conclusions