Price loading...

Taming the Fringe: The Regulation and Development of the British Payday Lending and Pawnbroking Markets since 1870 (Palgrave Studies in the History of Finance)

Business & Economic History

Price data last checked 107 day(s) ago - refreshing...

View at Amazon

Price History & Forecast

No Price Data Available

Price history will appear here once data is collected from Amazon.

Price Distribution

No price data available for histogram

Description

Taming the Fringe analyses the regulation and evolution of two credit products that were, and remain, vital to the working poor. Policymakers have struggled with pawnbroking and moneylending because they raise broader issues pertaining to poverty, capitalism and financial regulation. The values of easily accessible credit and financial independence compete with society’s desire to protect people from predatory loans. Policymakers have pondered whether regulation can lower costs without reducing access for those most in need of small cash loans. Can government policy protect borrowers while also providing sufficient profit for lenders? The many attempts at doing so reveal the difficulty of safeguarding the needs of people who have experienced financial trouble before seeking a loan. Taming the Fringe is the first extended study of the payday lending and pawnbroking markets in Britain, and the only one to examine over 160 years of financial results and market data. This work explains why small-value lenders have generated such passionate debate, even being described as the devil incarnate. It adds to our knowledge of fringe banking and the evolving role of financial regulation to protect the working poor. Since 1870, pawnbrokers and moneylenders have actively shaped regulation – a viewpoint the existing literature does not address adequately. This work contributes to the scholarly and policy dialogue on financial inclusion, working-class poverty and the development and legitimacy of fringe lending. This book analyses the motivation, content and outcome of critical regulatory episodes that have shaped fringe banking. While historians have written volumes about consumer credit, few have analysed why elite policymakers have sought to protect the working poor from some credit markets. This work demonstrates that, across time, conflicting views on poverty and liberal economic theory have, to varying degrees, influenced how thegovernment has protected the working poor, and will be of interest to financial and economic historians.

Product Specifications

Format: hardcover
ASIN: 3030706141
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 10 April 2021
Listed Since: 28 January 2021

Barcode

No barcode data available

Taming the Fringe: The Regulation and Development of the British Payday Lending and Pawnbroking Markets since 1870 (Palgrave Studies in the History of Finance)

Price History & Forecast

No Price Data Available

Price Distribution

Description

Product Specifications

Barcode

Similar Products You Might Like

State and Financial Systems in Europe and the USA: Historical Perspectives on Regulation and Supervision in the Nineteenth and Twentieth Centuries (Studies in Banking and Financial History)

Taming the Cycles of Finance?: Central Banks and the Macro-prudential Shift in Financial Regulation

Calming the Storms: The Carry Trade, the Banking School and British Financial Crises Since 1825 (Palgrave Studies in Economic History)

Banking and Beyond: The Evolution of Financing along Traditional and Alternative Avenues (Palgrave Macmillan Studies in Banking and Financial Institutions)

A World of Public Debts: A Political History (Palgrave Studies in the History of Finance)

Banking, Projecting and Politicking in Early Modern England: The Rise and Fall of Thompson and Company 1671‒1678 (Palgrave Studies in Economic History)

Payday Lending in Canada in a Global Context: A Mature Industry with Chronic Challenges

Trade, Regulation and Empire State-building in Britain: The Board of Trade’s Role in Building the British Regulatory State (Palgrave Studies in Economic History)

Routledge Microfinance: A Reader (Development Economics Book)

Seven Centuries of Unreal Wages - Palgrave Studies in Economic History

The 1772–73 British Credit Crisis (Palgrave Studies in the History of Finance)

FinTech Regulation: Exploring New Challenges of the Capital Markets Union

Regulating the Financial Services Sector: Studies in Comparitive Corporate and Financial Law: 6 (Studies in Comparative Corporate and Financial Law)

Regulating the British Economy, 1660–1850

The Financial Crisis and the Regulation of Finance

Governing Financialization: The Tangled Politics of Financial Liberalization in Britain

Banking and Financial Markets: How Banks and Financial Technology Are Reshaping Financial Markets (Palgrave Macmillan Studies in Banking and Financial Institutions)

Banking and Financial Markets: How Banks and Financial Technology Are Reshaping Financial Markets (Palgrave Macmillan Studies in Banking and Financial Institutions)

Debtfare States and the Poverty Industry: Money, Discipline and the Surplus Population (RIPE Series in Global Political Economy)

The Rise and Fall of Global Microcredit: Development, debt and disillusion (Routledge Critical Development Studies)

Financial Services Litigation

The Behavioural Finance Revolution: A New Approach to Financial Policies and Regulations (Behavioural Financial Regulation and Policy (BEFAIRLY) series)

Financial Liberalisation: Past, Present and Future (International Papers in Political Economy)

Housing Finance in Emerging Markets: Connecting Low-Income Groups to Markets