Through an examination of a wide variety of financial systems in Europe, and North and South America over approximately 150 years of change, this book demonstrates the key role that finance has played in economic change, and in the development of diverse financial systems. Insights into the primacy of the state's role in the financial development of the pre-industrial era have not been carried over into the historiography of the industrial era itself, so the discoveries detailed in this book have never been brought together in a systematic manner. This book therefore aims to demonstrate through comparative historical analysis, the richness of the history of modern financial systems, and to restore the state to its primary role in the shaping of those systems. This book makes an unique contribution to financial historiography, thus will be of interest to economists and financial, economic and world historians.
Through an examination of a wide variety of financial systems in Europe, and North and South America over approximately 150 years of change, this book demonstrates the key role that finance has played in economic change, and in the development of diverse financial systems. Insights into the primacy of the state's role in the financial development of the pre-industrial era have not been carried over into the historiography of the industrial era itself, so the discoveries detailed in this book have never been brought together in a systematic manner. This book therefore aims to demonstrate through comparative historical analysis, the richness of the history of modern financial systems, and to restore the state to its primary role in the shaping of those systems. This book makes an unique contribution to financial historiography, thus will be of interest to economists and financial, economic and world historians.
Zusammenfassung
By looking at a wide range of industrialized economies, including England, Belgium, Spain, Italy, Argentina, the United States, and ‘late developers’ such as Russia, this book aims to show how important the state was in the development of financial systems. It examines the various factors which contributed to the emergence of diverse financial systems, and through comparative historical analysis draws together general themes, such as the inter-country differences in the mix of public and private finance, to produce a book which makes an unique contribution to financial and economic history.
Inhaltsverzeichnis
List of figures; List of tables; List of contributors; Preface; 1. Introduction: comparative historical perspectives Richard Sylla, Richard Tilly and Gabriel Tortella; 2. Politics and banking in revolutionary and Napoleonic France François Crouzet; 3. Belgian banking in the nineteenth and twentieth centuries: the Société Générale and the Générale de Banque (1822-1997) Herman van der Wee and Monique van der Wee-Verbreyt; 4. Banking liberalization in England and Wales, 1826-44 P. L. Cottrell and Lucy Newton; 5. Banking in Europe in the nineteenth century: the role of the central bank Forrest Capie; 6. Public policy, capital markets and the supply of industrial finance in nineteenth-century Germany Richard Tilly; 7. The role of banks and government in Spanish economic development, 1850-1935 Gabriel Tortella; 8. Central banking and German-style mixed banking in Italy, 1893/5-1914: from coexistence to cooperation Peter Hertner; 9. State power and finance in Russia, 1802-1917: the Credit Office of the Finance Ministry and governmental control over credit institutions Boris Anan'ich; 10. The origins of banking in Argentina Roberto Cortés Conde; 11. Shaping the US financial system, 1690-1913: the dominant role of public finance Richard Sylla; 12. Cosmopolitan finance in the 1920s: New York's emergence as an international financial centre Mira Wilkins; Index.
