Evolving Financial Markets and International Capital Flows

Britain, the Americas, and Australia, 1865–1914

Häftad, Engelska, 2011

Av Lance E. Davis, Robert E. Gallman, Lance E. (California Institute of Technology) Davis

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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.

Produktinformation

Utgivningsdatum2011-06-02
Mått152 x 229 x 57 mm
Vikt1 430 g
FormatHäftad
SpråkEngelska
SerieJapan-US Center UFJ Bank Monographs on International Financial Markets
Antal sidor996
FörlagCambridge University Press
ISBN9780521166089

Tillhör följande kategorier

1. Institutional invention and innovation: foreign capital transfers and the evolution of the domestic capital markets in four frontier countries: Argentina, Australia, Canada, and the United States of America, 1865–1914; 2. The United Kingdom; 3. International capital movements, domestic capital markets, and American economic growth, 1865–1914; 4. Domestic savings, international capital flows, and the evolution of domestic capital markets: the Canadian experience; 5. Domestic saving, international capital flows, and the evolution of domestic capital markets: the Australian experience; 6. Argentine savings, investment, and economic growth before World War I; 7. Lessons from the past: international financial flows and the evolution of capital markets, Britain and Argentina, Australia, Canada, and the United States before World War I; 8. Skipping ahead: the evolution of the world's finance markets 1914–90: a brief sketch; 9. Lessons from the past/bibliography.