Mobilizing Money

Caroline Fohlin has served as Research Professor of Economics at The Johns Hopkins University, Baltimore, Maryland, since 2005. She previously taught at the California Institute of Technology from 1994 to 2004. Professor Fohlin's research has appeared in journals such as the Journal of Finance, the Journal of Economic History, the Review of Finance, Business History, Cliometrica, Explorations in Economic History and the Economic History Review. She is the author of Finance Capitalism and Germany's Rise to Industrial Power (Cambridge University Press, 2007) and is a research associate at the Center for Japan-US Business and Economic Studies at the Stern School of Business, New York University. Professor Fohlin gave the Bundesbank Lectures in Banking and Finance at the University of Freiburg in 2007 and received the DAAD Prize for Distinguished Scholarship in German and European Studies in 2005.

'In the wake of the global credit crisis, what to do about financial markets is the question de jour. Caroline Fohlin shows that their operation and impact cannot be adequately understood without placing them in their historical context. Her rich analysis provides much needed perspective for scholars and policy makers alike.' Barry Eichengreen, University of California, Berkeley

• 1. Introduction; 2. Development of banking and corporate financial systems; 3. Organization and performance of early commercial banking systems; 4. Corporate governance and bank-firm relationships; 5. Corporate finance and the role of bank relationships; 6. Classifying financial systems; 7. Determinants of financial system design; 8. Long-run consequences of financial system design; 9. Conclusion.