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Author: Charles H. Feinstein
Publisher: Clarendon Press
ISBN: 0191521663
Category : Business & Economics
Languages : en
Pages : 555
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Book Description
The financial history of interwar Europe was dominated by catastrophic episodes of hyper-inflation, dramatic exchange rate crises, massive and destabilizing movements of gold and capital, and extensive banking failures. In their attempt to restore and sustain the gold standard as the basis of the international monetary system, many countries were compelled to resort to deflationary fiscal and monetary policies of exceptional severity. The policies thus adopted in the 1920s were a major cause of the Great Depression of 1929-33; and this in turn exerted a powerful influence on the subsequent political and economic history of the 1930s. This collection of essays is the work of an international network of economic historians from Europe and the United States convened by the European Science Foundation. It brings together, in an accessible style, current knowledge and understanding of the nature and effects of these developments in banking, currency, and finance in the interwar period. The topics are examined at three levels. In Part I a substantial introductory survey of the central issues over the entire period is followed by special studies of the banking crises, the global capital flows, and the interrelationship of economic and political policies, with each of these themes considered in an international perspective. Part II is devoted to illuminating comparative analyses of the financial and exchange policies of pairs of countries; France and Italy, Britain and Germany, Sweden and Finland, and Belgium and France. In Part III the essays move to the level of individual countries and each contributor explores topics such as the form and efficacy of official banking and monetary policies, the role of the central bank, movements in the money supply and prices, the relationship between the banks and the industrial sector, changes in exchange rates and foreign capital investment. The volume covers all the major countries, and also makes available the results of recent research on banking and finance in smaller countries, such as Spain, Austria, Norway, Poland, Portugal, Bulgaria, and Ireland. The questions addressed by this book, and the temes and patterns it reveals, are relevant both to economic and political historians of the years between the two world wars, and to those interested in contemporary banking and financial problems.
Author: Charles H. Feinstein
Publisher: Clarendon Press
ISBN: 0191521663
Category : Business & Economics
Languages : en
Pages : 555
Get Book Here
Book Description
The financial history of interwar Europe was dominated by catastrophic episodes of hyper-inflation, dramatic exchange rate crises, massive and destabilizing movements of gold and capital, and extensive banking failures. In their attempt to restore and sustain the gold standard as the basis of the international monetary system, many countries were compelled to resort to deflationary fiscal and monetary policies of exceptional severity. The policies thus adopted in the 1920s were a major cause of the Great Depression of 1929-33; and this in turn exerted a powerful influence on the subsequent political and economic history of the 1930s. This collection of essays is the work of an international network of economic historians from Europe and the United States convened by the European Science Foundation. It brings together, in an accessible style, current knowledge and understanding of the nature and effects of these developments in banking, currency, and finance in the interwar period. The topics are examined at three levels. In Part I a substantial introductory survey of the central issues over the entire period is followed by special studies of the banking crises, the global capital flows, and the interrelationship of economic and political policies, with each of these themes considered in an international perspective. Part II is devoted to illuminating comparative analyses of the financial and exchange policies of pairs of countries; France and Italy, Britain and Germany, Sweden and Finland, and Belgium and France. In Part III the essays move to the level of individual countries and each contributor explores topics such as the form and efficacy of official banking and monetary policies, the role of the central bank, movements in the money supply and prices, the relationship between the banks and the industrial sector, changes in exchange rates and foreign capital investment. The volume covers all the major countries, and also makes available the results of recent research on banking and finance in smaller countries, such as Spain, Austria, Norway, Poland, Portugal, Bulgaria, and Ireland. The questions addressed by this book, and the temes and patterns it reveals, are relevant both to economic and political historians of the years between the two world wars, and to those interested in contemporary banking and financial problems.
Author: Charles P. Kindleberger
Publisher: Taylor & Francis
ISBN: 9780415378673
Category : Business & Economics
Languages : en
Pages : 558
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Book Description
The history of finance - defined to include money, banking, capital markets, public and private finance, international transfers, and more - that covers Western Europe and half a millennium. This work casts issues in historical perspective and throws light on the evolution of financial institutions and the management of financial problems.
Author: Peter Temin
Publisher: Oxford University Press
ISBN: 0198042019
Category : Business & Economics
Languages : en
Pages : 238
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Book Description
The European Economy between the Wars, (OUP, 1997) has become the definitive economic history of Europe in the inter-war period. Placing the Great Depression of 1929-33 and the associated financial crisis at the center of the narrative, the authors comprehensively examined the lead-up to and consequences of the depression and recovery. The authors now expand their scope to include the entire world economy, and have created a new edition: The World Economy between the Wars. New material focuses on the structure of the world economy in the 1920s, including a special focus on the United States, Japan, and Latin America.
Author: Michael J. Oliver
Publisher: Edward Elgar Publishing
ISBN: 9781847205490
Category : History
Languages : en
Pages : 382
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Book Description
The First and Second World Wars, the great depression, oil shocks, inflation, financial crises, stock market crashes, the collapse of the Soviet command economy and Third World disasters are discussed in this comprehensive book. The contributors subject these disasters to in-depth assessment, carefully considering their costs and impact on specific countries and regions, as well as assessing them in a global context. The book examines the legacy of economic disasters and asks whether economic disasters are avoidable or whether policymakers can learn from their mistakes.
Author: Luís Brites Pereira
Publisher: Springer Nature
ISBN: 3030532658
Category : Business & Economics
Languages : en
Pages : 354
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Book Description
Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.
Author: Youssef Cassis
Publisher: Oxford University Press
ISBN: 0199658625
Category : Business & Economics
Languages : en
Pages : 561
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Book Description
The financial crisis of 2008 aroused widespread interest in banking and financial history. In an attempt to better understand the magnitude of the shock, there was a demand for historical parallels. This volume provides the material for such a reflection by presenting the state of the art in banking and financial history. Contributions to this volume analyse banking and financial history in a long-term comparative perspective. Lessons drawn from these analyses may well help future generations of policy makers avoid a repeat of the financial turbulence that erupted in 2008.
Author: Nathan Marcus
Publisher: Harvard University Press
ISBN: 0674983041
Category : History
Languages : en
Pages : 561
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Book Description
In 1921 Austria became the first interwar European country to experience hyperinflation. The League of Nations, among other actors, stepped in to help reconstruct the economy, but a decade later Austria’s largest bank, Credit-Anstalt, collapsed. Historians have correlated these events with the banking and currency crisis that destabilized interwar Europe—a narrative that relies on the claim that Austria and the global monetary system were the victims of financial interlopers. In this corrective history, Nathan Marcus deemphasizes the destructive role of external players in Austria’s reconstruction and points to the greater impact of domestic malfeasance and predatory speculation on the nation’s financial and political decline. Consulting sources ranging from diplomatic dossiers to bank statements and financial analyses, Marcus shows how the League of Nations’ efforts to curb Austrian hyperinflation in 1922 were politically constrained. The League left Austria in 1926 but foreign interests intervened in 1931 to contain the fallout from the Credit-Anstalt collapse. Not until later, when problems in the German and British economies became acute, did Austrians and speculators exploit the country’s currency and compromise its value. Although some statesmen and historians have pinned Austria’s—and the world’s—economic implosion on financial colonialism, Marcus’s research offers a more accurate appraisal of early multilateral financial supervision and intervention. Illuminating new facets of the interwar political economy, Austrian Reconstruction and the Collapse of Global Finance reckons with the true consequences of international involvement in the Austrian economy during a key decade of renewal and crisis.
Author: Youssef Cassis
Publisher: Cambridge University Press
ISBN: 0521845351
Category : Banks and banking
Languages : en
Pages : 21
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Book Description
`...useful reading for anyone interested in the antecedents of today's vibrant international financial markets.'
Author: Michael Collins
Publisher:
ISBN: 9780199249862
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
In the decades before 1914, the City of London was the premier international financial centre. However, this position was not long maintained, other industrial nations quickly and effectively challenged the influence of Britain, and following the disruption of the world markets caused by WorldWar I and the Great Depression of the 1930s, international hegemony slipped away for ever.The relationship of bankers and industrialists has often been cited as a key factor in this decline. Critics of the banks claim that, even before World War I, there were serious deficiencies in the financial provision provided by banks to the domestic industrial sector, and that these deficiencieshandicapped Britain's competitive advantage in world markets, leading to the decline of their influence and power.This book examines these claims, and bringing to bear important new data that presents the debate in a novel and revealing framework, expounds an economic rationale for historical bank behaviour. Using a rich source of contemporary records, it presents a series of micro-economic studies intocommercial bank assets and liabilities, financial crises, bank mergers, the professionalization of banking, the organization and conduct of the industrial loan business, and the nature of bank support given to industrial clients.The result is a new, authoritative interpretation of bank-industry relations in the half-century before World War I.
Author: Makoto Kasuya
Publisher: OUP Oxford
ISBN: 9780199259311
Category : Business & Economics
Languages : en
Pages : 266
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Book Description
This is a comparative examination of financial institutions in the inter-war period of the UK, US, Germany, France and Japan. In this latest addition to the prestigious FUJI Business History Series, the contributors to the volume analyze the ways in which different institutions coped with the financial crises at this time, and how they competed with each other. They also ask how this affected the financial climates of the countries in question. The discussion is divided into three parts: commercial banking, universal banking and insurance and securities.
