Ce papier constitue le septième chapitre de l'"Histoire du marché financier français au 19e siècle" (à paraître en janvier 2007, publications de la Sorbonne). Dans ce chapitre, nous étudions les transformations profondes qui touchent le système bancaire au milieu du 19e siècle et nous nous interrogeons sur leur caractère substituable ou complémentaire avec le développement du marché des titres. Nous concluons en faveur de la deuxième hypothèse. ### [english abstract: This paper is the seventh chapter of a book forthcoming in January 2007 under the title "Histoire du marché financier français au 19e siècle" (a history of the French capital market in the 19th century). He describes and explains the profound changes undertaken by the banking industry around the mid of the 19th century, and discusses whether they represented an alternative or a complement to the rise of the securities market; it concludes in favour of the second interpretation.] ###
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Paper provided by PSE (Ecole normale supérieure) in its series PSE Working Papers with number
2006-42.