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作者 Saleuddin, Rasheed, author
書名 The government of markets : how interwar collaborations between the CBOT and the state created modern futures trading / by Rasheed Saleuddin
出版項 Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2018
國際標準書號 9783319931845 (electronic bk.)
9783319931838 (paper)
國際標準號碼 10.1007/978-3-319-93184-5 doi
book jacket
說明 1 online resource (xix, 321 pages) : illustrations, digital ; 24 cm
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
text file PDF rda
系列 Palgrave studies in the history of finance
Palgrave studies in the history of finance
附註 Chapter 1. Introduction--The Interwar Coming of Age of Modern Futures Markets, Institutions and Governance -- Chapter 2. The Wild Midwest -- Chapter 3. The Grain Futures Act of 1922 and the Dominance of the CBOT -- Chapter 4. The Co-construction of Modern Futures Markets, 1923-26 -- Chapter 5. Legitimising the Grain Gambler and the Commodity Exchange Act of 1936 -- Chapter 6. The Legacy, Causes and Relevance of Interwar Futures Market Regulation
Absent evidence to the contrary, it is usually assumed that US financial markets developed in spite of government attempts to regulate, and therefore laissez faire is the best approach for developing critically important and enduring market institutions. This book makes heavy use of extensive archival sources that are no longer publicly available to describe in detail the discussions inside the CBOT and the often private and confidential negotiations between industry leaders and government officials. This work suggests that, contrary to the accepted story, what we now know of as modern futures markets were heavily co-constructed through a meaningful long-term collaboration between a progressive CBOT leadership and an extremely knowledgeable and pragmatic US federal government. The industry leaders had a difficult time evolving the modern institutions in the face of powerful reactionary internal forces. Yet in the end the CBOT, by co-opting and cooperating with federal officials, led the exchange and Chicago markets in general to a near century of global dominance. On the federal government side, knowledgeable technocrats and inspired politicians led an information and analysis explosion while interacting with industry, both formally and informally, to craft better markets for all
Host Item Springer eBooks
主題 Futures -- History
Financial History
Investments and Securities
Alt Author SpringerLink (Online service)
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