The British Government and the City of London in the Twentieth Century

The British Government and the City of London in the Twentieth Century PDF Author: Ranald Michie
Publisher: Cambridge University Press
ISBN: 9781139453820
Category : History
Languages : en
Pages : 404

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Book Description
The relationship between the British government and the City of London has become central to debates on modern British economic, political and social life. For some the City's financial and commercial interests have exercised a dominant influence over government economic policy, creating a preoccupation with international markets and the strength of sterling which impaired domestic industrial and social well-being. Others have argued that government seriously constricted financial markets, jeopardising Britain's most successful economic sector. This collection of essays was the first book to address these issues over the entire twentieth century. It brings together leading financial and political historians to assess the government-City relationship from several directions and by examination of key episodes. As such, it will be indispensable not just for the study of modern British politics and finance, but also for assessment of the worldwide problem of tensions between national governments and international financial centres.

The British Government and the City of London in the Twentieth Century

The British Government and the City of London in the Twentieth Century PDF Author: Ranald Michie
Publisher: Cambridge University Press
ISBN: 9781139453820
Category : History
Languages : en
Pages : 404

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Book Description
The relationship between the British government and the City of London has become central to debates on modern British economic, political and social life. For some the City's financial and commercial interests have exercised a dominant influence over government economic policy, creating a preoccupation with international markets and the strength of sterling which impaired domestic industrial and social well-being. Others have argued that government seriously constricted financial markets, jeopardising Britain's most successful economic sector. This collection of essays was the first book to address these issues over the entire twentieth century. It brings together leading financial and political historians to assess the government-City relationship from several directions and by examination of key episodes. As such, it will be indispensable not just for the study of modern British politics and finance, but also for assessment of the worldwide problem of tensions between national governments and international financial centres.

London in the Twentieth Century

London in the Twentieth Century PDF Author: Jerry White
Publisher: Random House
ISBN: 1407013076
Category : History
Languages : en
Pages : 578

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Book Description
Jerry White's London in the Twentieth Century, Winner of the Wolfson Prize, is a masterful account of the city’s most tumultuous century by its leading expert. In 1901 no other city matched London in size, wealth and grandeur. Yet it was also a city where poverty and disease were rife. For its inhabitants, such contradictions and diversity were the defining experience of the next century of dazzling change. In the worlds of work and popular culture, politics and crime, through war, immigration and sexual revolution, Jerry White’s richly detailed and captivating history shows how the city shaped their lives and how it in turn was shaped by them.

Handbook of Research on Stock Market Globalization

Handbook of Research on Stock Market Globalization PDF Author: Geoffrey Poitras
Publisher: Edward Elgar Publishing
ISBN: 0857938185
Category : Business & Economics
Languages : en
Pages : 329

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Book Description
The stock market globalization process has produced historic changes in the structure of stock markets, the effects of which are evident throughout the world. Despite these transformations, there are relatively few sources examining the connections between the globalization process currently underway and previous periods of stock market globalization. This seminal volume fills that gap. The chapters in the first section look to previous globalization periods through the lens of the corporate economy, valuing equities and managed funds. Further chapters address current issues such as the social closure of the exchange, demutualization and mergers and acquisitions as well as cross-listing and liquidity. The final chapters consider the regulatory challenges posed by stock market globalization. These include the pressures on regulators from rent-seeking stock market participants, the demise of exchange trading floors and Latin America's stock market. Timely, multi-disciplinary and practical, this informative Handbook will be an essential reference for students and scholars of economics, finance and accounting, finance professionals and security market regulators.

War On Wealth, The: Fact And Fiction In British Finance Since 1800

War On Wealth, The: Fact And Fiction In British Finance Since 1800 PDF Author: Ranald Michie
Publisher: World Scientific
ISBN: 9811270740
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
This book addresses the divide that exists between the reality of finance and the image it projects. A functioning financial system is an essential feature of a modern economy, providing it with money, credit, capital, and investments. Conversely, those who provide this essential service are neither respected nor trusted. The causes and consequences of this divide is explored using the British experience from 1800 to the present, drawing upon a mixture of factual evidence and contemporary fiction. Nothing of this scale has been attempted before and this is the product of 50 years of research.

British Banking

British Banking PDF Author: Ranald C. Michie
Publisher: Oxford University Press
ISBN: 0191040819
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
The Global Financial Crisis made its first appearance in Britain towards the end of 2007 with the failure of the Northern Rock Bank. It then reached an unparalleled intensity a year later when the government was forced to intervene to prevent the collapse of Lloyds/HBOS and RBS/Natwest. Before these events the British banking system possessed a long established reputation for resilience and competence that made it one of the most admired and trusted in the world. The financial crisis of 2007/8, and the subsequent revelations about the behaviour of bankers, destroyed that reputation and drove a desire for a complete reform of the British banking system. Forgotten in this headlong rush towards radical restructuring were the reasons why the British banking system had become so admired and trusted. The aim of this book is to explain why the British banking system gained its reputation for resilience and competence, maintained it for over 100 years, and then lost it in such a rapid and spectacular fashion. To achieve that aim requires a study of the entire banking system. Banks are key components of a complex financial system continually interacting with each other, and constantly changing over time, This makes the conventional distinctions drawn between different types of banks, including those specialising in international finance, savings and loans, corporate lending, and retail deposits and borrowing, inappropriate for any long-term analysis. The distinctions between different types of banks were neither absolute nor permanent but relative and temporary. Banks were also central to both the payments system and the money market without which no modern economy could function. What this book is about is the development of the British banking system as a whole over more than three centuries. Only with such an understanding is it possible to appreciate what the British banking system achieved and then maintained from the middle of the 19th century onwards, why it was lost in such a short space of time, and what needs to be done to return it to the position it once occupied. Without such an understanding the mistakes of the recent past are destined to be repeated time and gain.

Industrial Clusters

Industrial Clusters PDF Author: John F. Wilson
Publisher: Taylor & Francis
ISBN: 1000609278
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
Industrial Clusters shows the latest state of knowledge on the topic of industrial clusters, with a particular focus on clustering in the UK, bringing together a chronological coverage of the phenomenon. This set of original essays by a group of leading business and industrial historians offers fresh perspectives about clusters and clustering. A primary emphasis of the collection is how knowledge is generated and disseminated across a cluster, and whether these processes stimulated innovation and consequently longer-term sustainability. This analysis also prompts questions about which unit of analysis to examine, from the entrepreneurs and firms they created through to the industry as a whole and district in which they are located, or whether one should look outside the region for explanatory factors. Covering regions as diverse as North Wales, the Scottish Highlands, the City of London, the Potteries, Sheffield and Lancashire, the essays have been channelled to provide a detailed understanding of these issues. The editors have also provided a challenging Conclusion that suggests a new research agenda that could well unravel some of the mysteries associated with clustering. This edited collection will be of interest to international researchers, academics and students in the fields of business and management history, innovation, industrialisation and clusters.

The Foreign Office, Commerce and British Foreign Policy in the Twentieth Century

The Foreign Office, Commerce and British Foreign Policy in the Twentieth Century PDF Author: John Fisher
Publisher: Springer
ISBN: 1137465816
Category : Political Science
Languages : en
Pages : 599

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Book Description
This book addresses the interface of the British Foreign Office, foreign policy and commerce in the twentieth century. Two related questions are considered: what did the Foreign Office do to support British commerce, and how did commerce influence British foreign policy? The editors of this work collect a range of case studies that explore the attitude of the Foreign Office towards commerce and trade promotion, against the backdrop of a century of relative economic decline, while also considering the role of British diplomats in creating markets and supporting UK firms. This highly researched and detailed examination is designed for readers aiming to comprehend the role that commerce played in Britain’s foreign relations, in a century when trade and commerce have become an inseparable element in foreign and security policies.

The Global Securities Market

The Global Securities Market PDF Author: Ranald Michie
Publisher: OUP Oxford
ISBN: 0191608599
Category : Business & Economics
Languages : en
Pages : 412

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Book Description
This history of the global securities market is the product of over 30 years of research by one of the world's foremost financial historians. It covers all aspects of the history of the securities markets from its beginnings in Medieval Venice through Amsterdam and London to its operations in Tokyo and New York today. It also integrates the history of both stocks and bonds, established and emerging markets, stock exchanges and over-the- counter trading, and the crises and continuity that have made the global securities market such a force in the world over the centuries. A path-breaking book unlike any other written before, it provides in one volume an authoritative account of the global securities market from its earliest developments to the present day.

From Crisis to Crisis

From Crisis to Crisis PDF Author: Brian O'Sullivan
Publisher: Springer
ISBN: 3319966987
Category : Business & Economics
Languages : en
Pages : 410

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Book Description
From Crisis to Crisis examines the impact of the harsh conditions of the interwar economy on the British merchant banks. The financial crises of 1914 and 1931 are assessed using primary sources. The competitive threats, including the rise of New York as a rival financial centre, are considered. It challenges alleged special treatment and provides fresh perspectives on the interwar rationalisation of industry. During the late nineteenth century, Britain’s merchant banks had become pre-eminent in a world of fixed exchange rates, free trade and the unfettered mobility of international capital. This world was increasingly challenged in the interwar period, being replaced by floating exchange rates, trade protectionism and restrictions on capital movements. This book fills a gap in the historiography of British banking by recovering the histories of long-forgotten merchant banks rather than focusing on the better-known firms. Using a wide range of archival resources, it traces the strategic transformation by some merchant banks from higher-risk, capital intensive activities to lower-risk, advisory services. Brian O’Sullivan has been jointly awarded the 2019 BAC Wadsworth Prize for From Crisis to Crisis: The Transformation of Merchant Banking 1914-1939. It was judged by the Business Archives Council (BAC) to have made an outstanding contribution to the study of British business history. Brian shared the prize with Professor Priya Satia of Stanford University in California.

A Companion to Early Twentieth-Century Britain

A Companion to Early Twentieth-Century Britain PDF Author: Chris Wrigley
Publisher: John Wiley & Sons
ISBN: 0470998814
Category : History
Languages : en
Pages : 608

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Book Description
This Companion brings together 32 new essays by leading historians to provide a reassessment of British history in the early twentieth century. The contributors present lucid introductions to the literature and debates on major aspects of the political, social and economic history of Britain between 1900 and 1939. Examines controversial issues over the social impact of the First World War, especially on women Provides substantial coverage of changes in Wales, Scotland and Ireland as well as in England Includes a substantial bibliography, which will be a valuable guide to secondary sources