Evolving Financial Markets and International Capital Flows: Britain, the Americas, and Australia, 1865–1914This 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. |
Contents
1 | |
The United Kingdom | 50 |
International capital movements domestic capital markets | 234 |
Domestic savings international capital flows and | 345 |
Domestic saving international capital flows and | 471 |
Argentine savings investment and economic growth | 644 |
Estimating investment and savings series | 723 |
Other editions - View all
Evolving Financial Markets and International Capital Flows: Britain, the ... Lance E. Davis,Robert E. Gallman No preview available - 2011 |
Evolving Financial Markets and International Capital Flows: Britain, the ... Lance E. Davis,Robert E. Gallman No preview available - 2001 |
Common terms and phrases
agricultural American Argentina assets Australian banks average Bank of Montreal bankers banking system borrowing branch banking branches Britain British investment British savers brokers Buenos Aires building societies Butlin Cambridge Canadian banks capital formation Capital Markets chartered colonial commercial banks countries crisis debentures debt decade decline deposits domestic savings Economic Growth Economic History Ernesto Tornquist estimates example Exchange of Melbourne financial institutions Financial System firms foreign capital foreign investment formal funds Gallman Gross Hereafter cited important increased industrial innovation insurance companies International investment banks investors issues Japanese Financial System joint-stock land loans London Stock Exchange long-term ment Michie million mining Montreal mortgage nineteenth century operated overseas pastoral percent period policies portfolio provincial railroads railway ratio relatively role savings banks sector securities markets shares South Wales structure substantial Table tion Toronto trading banks U.S. dollars United Kingdom University Press York York Stock Exchange