Financial innovations and crises: the view backwards from Northern Rock / Jeremy Atack -- An economic explanation of the early Bank of Amsterdam, debasement, bills of exchange and the emergence of the first central bank / Stephen Quinn and William Roberds -- With a view to hold: the emergence of...

This paper presents a framework for understanding the interactions between political and legal institutions, property rights protection, and their implications for financial development. Whereas the literature has answered questions on why some countries lag behind in terms of financial and...