A Concise History of International Finance: From Babylon to Bernanke

Author:   Larry Neal (University of Illinois, Urbana-Champaign)
Publisher:   Cambridge University Press
ISBN:  

9781107621213


Pages:   376
Publication Date:   22 October 2015
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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A Concise History of International Finance: From Babylon to Bernanke


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Author:   Larry Neal (University of Illinois, Urbana-Champaign)
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Dimensions:   Width: 15.20cm , Height: 1.80cm , Length: 22.70cm
Weight:   0.590kg
ISBN:  

9781107621213


ISBN 10:   1107621216
Pages:   376
Publication Date:   22 October 2015
Audience:   College/higher education ,  General/trade ,  Tertiary & Higher Education ,  General
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction; 2. Distant beginnings: the first 3,000 years; 3. The Italians invent modern finance; 4. The rise of international financial capitalism: the seventeenth century; 5. The 'big bang' of financial capitalism: financing and refinancing the Mississippi and South Sea Companies, 1688–1720; 6. The rise and spread of financial capitalism, 1720–89; 7. Financial innovations during the 'birth of the modern', 1789–1830: a tale of three revolutions; 8. British recovery and attempts to imitate in the US, France and Germany, 1825–50; 9. Financial globalization takes off: the spread of sterling and the rise of the gold standard, 1848–79; 10. The first global financial market and the classical gold standard, 1880–1914; 11. The Thirty Years War and the disruption of international finance, 1914–44; 12. The Bretton Woods era and the re-emergence of global finance, 1945–73; 13. From turmoil to the 'Great Moderation', 1973–2007; 14. The sub-prime crisis and the aftermath, 2007–14; References; Index.

Reviews

Advance praise: 'This is the most impressive, most comprehensive, and most up-to-date single volume history of finance there is. Its central argument about the beneficial effects of financial innovation - along with the many cautionary tales of how and why things go sour, of the consequences of adequate mechanisms for ensuring commitment and responsibility - make it at once a classic, whose influence will endure a long time.' Harold James, author of The End of Globalization: Lessons from the Great Depression Advance praise: 'This is an outstanding concise history of international finance. It documents the path of finance from the personal to the impersonal, from ancient to modern times. This is not merely a summary of what others have done, but soundly based on Larry Neal's own careful research. As Neal writes in chapter one, he wants to look historically at where there were effective solutions to financial difficulties and how these 'solutions' played out through time. The book is a splendid introduction to the history of international finance.' Mira Wilkins, co-author of Global Electrification: Multinational Enterprise and International Finance in the History of Light and Power, 1878-2007 Advance praise: 'A rich mix of wide-ranging, keenly known historical specifics, conceptual constructions, broad long-term horizons, and narrative unfolding. An erudite and thoughtful gem, reflecting a lifetime of scholarship and reflection.' Richard Roberts, author of Saving the City: The Great Financial Crisis of 1914 Advance praise: 'Did you know that modern international finance had its origin in financing the Crusades? Larry Neal reveals interconnections between international finance and wars, trade, governments and even religion in his concise history. [He] vividly chronicles a thousand years of financial innovations, demonstrating that financial crises gradually emerged as more potent stimuli to financial innovation than religion.' Peter Temin, co-author of Keynes: Useful Economics for the World Economy Advance praise: 'As economists and policy makers are drawn to history for a deeper understanding of the wonders and dangers of financial innovation, Neal's outstanding scholarship provides the much-needed introduction to financial development from the Assyrian times to the present. It will remain the standard reference for years to come.' Gianni Toniolo, co-author of The World Economy Between the Wars


Author Information

Larry Neal is Emeritus Professor of Economics at the University of Illinois, Urbana-Champaign and Research Associate of the National Bureau of Economic Research, and was Visiting Professor at the London School of Economics and Political Science from 2006 to 2014. Specialising in financial history and European economies, he is author of The Rise of Financial Capitalism: International Capital Markets in the Age of Reason (Cambridge, 1991). His recent work includes editing the two Cambridge History of Capitalism volumes - The Rise of Capitalism: From Ancient Origins to 1848 and The Spread of Capitalism: From 1848 to the Present (Cambridge, 2014), and authoring 'I Am Not Master of Events': The Speculations of John Law and Lord Londonderry in the Mississippi and South Sea Bubbles (2012). For many years he was editor of the journal Explorations in Economic History, which now awards an annual prize in his name for the best article published each year. He is past President of the Economic History Association and the Business History Conference and was the Founding Director of the European Union Center at the University of Illinois in 1998, which awards an annual prize in his name for an outstanding book on the European Union. He has been the recipient of fellowships from the Alexander von Humboldt Stiftung (1982), when he visited the University of Paderborn in Germany, as well as the John Simon Guggenheim Foundation and the Fulbright Commission (1996–7), when he visited the London School of Economics and Political Science. He was a visiting professor at the California Institute of Technology in 1998, and the University of California, Los Angeles in 2008, and was named one of the first ten Fellows of the Cliometric Society in 2010.

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