Charting developments in one of the most turbulent periods of economic history, this far reaching volume covers the problems facing the major economies of Europe in the inter-war years. It also discusses global economic policies and the crises for the world's major currencies. Although it covers complex themes, the book is written in an accessible way even for the non-specialist.

Charting developments in one of the most turbulent periods of economic history, this far reaching volume covers the problems facing the major economies of Europe in the inter-war years. It also discusses global economic policies and the crises for the world’s major currencies. Although it covers complex themes, the book is written in an accessible way even for the non-specialist.

Charting developments in one of the most turbulent periods of economic history, this far reaching volume covers the problems facing the major economies of Europe in the inter-war years. It also discusses global economic policies and the crises for the world’s major currencies. Although it covers complex themes, the book is written in an accessible way even for the non-specialist.

A week before the outbreak of the First World War, an acute financial crisis surged over London: the Stock Exchange closed; money markets worldwide were paralysed. Drawing on diaries, letters, memoirs, press reports, and official archives, this book tells the extraordinary, and largely unknown, story of the first true global financial crisis.

Argues that the stock market crash of 1929 and subsequent Depression occurred as a result of poor decisions on the part of four central bankers who jointly attempted to reconstruct international finance by reinstating the gold standard.

Globalization is not an external force but a result of concrete business decisions made by millions of entrepreneurs and managers across the world. As such, the modern corporation has completely altered the economic landscape; business and finance have shaped the international order of the modern world. History of Financial Institutions contributes to the analysis of how the modern corporation, business and finance have shaped and keep on shaping our world. In a collection of nine succinct essays, this volume looks at the role of finance in European history from the beginning of the 19th century to the period after the Second World War. Archivists and financial historians, who are also leading scholars of banking and financial history, investigate the ways in which the international post-war order developed. They draw on often hitherto unused archival sources from central banks and other institutions to reveal the unique histories of a variety of European countries and the paths that have led to the contemporary economic and financial system. The collection includes reflections on (monetary) stabilization, inflation, hyperinflation, globalization and public relations in banking and commerce. This book is essential reading for banking and finance executives, as well as policy makers with a historical interest. It will also be of importance to academics with a particular interest in economic history, financial or banking history, and European history.

This book is concerned with developments in three main areas of monetary history: domestic commercial banking; monetary policy; and the UK’s international financial position. For ease of analysis the 160 years under study are arranged into three clear chronological divisons. Part 1 covers the years 1826-1913, a period in which the UK emerged as the world’s leading economic power. It was in these years that an extensive and fully-operative domestic banking system was established. Part 2 covers 1914 to 1939 – the years which marked a break in the traditional monetary arrangements of the Victorian and Edwardian eras. Part 3 covers 1939-1986 when the dominance of state influence within the domestic money markets was re-established by the Second World War and the acceptance by the authorities of the obligation to ‘manage’ the economy which meant that successive postwar governments took direct responsibility for the conduct of monetary and credit policy.