Evolving Financial Markets and International Capital Flows: Britain, the Americas, and Australia, 1865–1914

by Lance E. Davis , Robert E. Gallman

• ISBN13: 9780521166089
• ISBN10: 052116608X
• Edition: 1st
• Format: Paperback
• Copyright: 2011-06-02
• Publisher: Cambridge University Press

Summary

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 1865 to 1914. In substantive chapters on each of the countries it offers parallel histories of the evolution of their financial infrastructures--commercial banks, nonbank 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.

Table of Contents

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

The United Kingdom

International capital movements, domestic capital markets, and American economic growth, 1865-1914

Domestic savings, international capital flows, and the evolution of domestic capital markets: the Canadian experience

Domestic saving, international capital flows, and the evolution of domestic capital markets: the Australian experience

Argentine savings, investment, and economic growth before World War I

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

Skipping ahead: the evolution of the world's finance markets 1914-1990: a brief sketch

Lessons from the past/bibliography

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