Evolving Financial Markets and International Capital Flows
Britain, the Americas, and Australia, 1865–1914
Lance E Davis author Robert E Gallman author
Format:Paperback
Publisher:Cambridge University Press
Published:2nd Jun '11
Currently unavailable, and unfortunately no date known when it will be back
This paperback is available in another edition too:
- Hardback£165.00(9780521553520)
This study examines the impact of British capital flows on the evolution of capital markets in four countries.
This study examines the impact of British capital flows on the evolution of capital markets in Argentina, Australia, Canada, and the United States over the years 1870 to 1914. It contrasts the experiences of the frontier countries and provides historical insights into current economic problems in Asia and Latin America.This study examines the impact of British capital flows on the evolution of capital markets in four countries - Argentina, Australia, Canada, and the United States - over the years 1870 to 1914. In substantive chapters on each country it offers parallel histories of the evolution of their financial infrastructures - commercial banks, non-bank intermediaries, primary security markets, formal secondary security markets, and the institutions that provide the international financial links connecting the frontier country with the British capital market. At one level, the work constitutes a quantitative history of the development of the capital markets of five countries in the late nineteenth century. At a second level, it provides the basis for a useable taxonomy for the study of institutional invention and innovation. At a third, it suggests some lessons from the past about modern policy issues.
Review of the hardback: 'A vast amount of work on the evolution of financial markets has been brought together in this large volume … The book is an explicit attempt at drawing out lessons from historical experience. It is hugely successful in doing that. It is a powerful demonstration that the lessons are there.' History
Review of the hardback: 'The book is an explicit attempt at drawing out lessons from historical experience. It is hugely successful in doing that. It is a powerful demonstration that the lessons are there.' Forrest Capie, City University Business School, London
ISBN: 9780521166089
Dimensions: 229mm x 152mm x 57mm
Weight: 1430g
996 pages