McLaughlin, Eoin and Pecchenino, Rowena
(2022)
Fringe banking and financialization: Pawnbroking in pre‐famine and famine Ireland.
The Economic History Review, 75 (3).
pp. 903-931.
ISSN 0013-0117
Abstract
Pawnbroking, one of the oldest and most accessible forms
of credit, was a common feature of life in pre-famine and
famine Ireland. This article studies the role of pawnbroking
in the Irish financial system during this important period,
applying insights from modern studies on fringe banking.
In the period under study, a formal tiered financial system existed; regulated joint-stock banks offered services to
industry and the better off, while fringe banks provided
financial services largely, but not exclusively, to unbanked
groups. The main findings are that pawnbrokers provided
a steady source of credit throughout the island of Ireland
and that this credit stream was more durable than that provided by alternative financial service providers in the fringe banking market, especially during the famine. Our findings suggest a nuanced interpretation is needed as we find strong interrelationships between the various financial service providers.
| Item Type: |
Article
|
| Additional Information: |
Cite as: McLaughlin, E. & Pecchenino, R. 2022, "Fringe banking and financialization: Pawnbroking in pre‐famine and famine Ireland", The Economic history review, vol. 75, no. 3, pp. 903-931. |
| Keywords: |
financialization; fringe banking; Ireland; pawnbroking; |
| Academic Unit: |
Faculty of Social Sciences > Economics, Finance and Accounting |
| Item ID: |
17508 |
| Identification Number: |
https://doi.org/10.1111/ehr.13132 |
| Depositing User: |
Prof. Rowena Pecchenino
|
| Date Deposited: |
07 Sep 2023 10:48 |
| Journal or Publication Title: |
The Economic History Review |
| Refereed: |
Yes |
| URI: |
|
| Use Licence: |
This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available
here |
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