Financial centres and international capital flows in the nineteenth and twentieth centuries / edited by Laure Quennouëlle-Corre, Youssef Cassis.

Format:

Book

Contributor:

Quennouëlle-Corre, Laure.

Cassis, Youssef.

Language:

English

Subjects (All):

Capital movements--History--19th century.

Capital movements.

Capital movements--History--20th century.

Banks and banking, International--History--19th century.

Banks and banking, International.

Banks and banking, International--History--20th century.

History.

Physical Description:

xii, 269 pages : illustrations ; 24 cm

Place of Publication:

Oxford ; New York : Oxford University Press, 2011.

Summary:

As interest in financial markets intensifies, stimulated by the financial crisis of the early twenty-first century, this book aims to enrich our understanding of the workings and history of financial centres in the nineteenth and twentieth centuries, and the determinants of their success and failure.

The book brings together leading authorities in the field to examine the direction of international capital flows historically in light of the nature of the banking system, market organization, the regulatory framework, and contextual political and diplomatic factors. Contributions discuss competition, collaboration, withdrawal, and re-emergence of financial centres in Europe, America, and Asia over the past two centuries.

Written from a historical perspective but taking full account of recent studies in financial economics, the book, with contributions from leading international scholars, provides new research and approaches to a highly topical issue, and sheds light on the recent financial crisis and its aftermath. Book jacket.

Contents:

Introduction / Laure Quennouëlle-Corre

The battle of the bourses? : competition between stock exchanges in the twentieth century / Ranald C. Michie

An 'atypical case?' : the first emergence of Brussels as an international financial centre, 1830-1860 / Stefano Ugolini

'Rivalry and collaboration' : relations between Buenos Aires merchant bankers and European bankers in the issue of Argentine government bonds in the 1880s / Leonid I. Borodkin and Gregory Perelman

London as the global market for corporate securities before 1914 / Leslie Hannah

Wall Street transitions, 1880-1920 : from national to world financial centre / Richard Sylla

The decline of Paris as an international financial Centre 1914-1940 / Laure Quennouëlle-Corre

The Banque du france, the Bank of England, and the stabilization of the Romanian currency in the late 1920s / Ileana Racianu

An integrated European market without an international financial centre, 1945-1962 / André Straus

The re-emergence of Hong Kong as an international financial centre, 1960-1978 : contested internationalization / Catherine R. Schenk.

Notes:

Includes bibliographical references and index.

ISBN:

9780199603503

0199603502

OCLC:

704381165