The Making of Global Finance 1880-1913 [electronic resource] /
Flandreau, Marc.
Organisation for Economic Co-operation and Development.Development Department
Organisation for Economic Co-operation and Development : Development CentreContent Provider
Zumer, Frédéric.
Paris : OECD Publishing,
2009.
This study traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development. A major conclusion is that the successful management of international financial integration depends primarily on broad institutional and political factors and financial policies, rather than simply opening or closing individual economies to the international winds. "A careful and vigorously argued monograph…  an important book that future research in this area will have to take into account."   –  eh.net book review by Hugh Rockoff of Rutgers University.
Description based upon print version of record.
Preliminaries; Acknowledgements by the Authors; Contents; Introduction Reputation and Development; I The Rules of the Game Interest Convergence and Financial Globalisation; II Worshipping Mammon; III Religion and other Dummies; IV Micro Motives and Macro Behaviour; V What's on Man's Mind Theories in Use; VI Empirical Evidence Interest Spreads and the Debt Burden; VII Thresholds of Confidence; VIII Convergence Explained; IX Developmental Consequences; X Policy Lessons and Conclusions; Technical Appendix; Statistical Appendix The Making of Global Finance A Database; Database Tables
Bibliography
This study traces the roots of global financial integration in the first “modern” era of globalisation from 1880 to 1913 and can serve as a valuable tool to current-day policy dilemmas by using historical data to see which policies in the past led to enhanced international financing for development. A major conclusion is that the successful management of international financial integration depends primarily on broad institutional and political factors and financial policies, rather than simply opening or closing individual economies to the international winds. "A careful and vigorously argued monograph…  an important book that future research in this area will have to take into account."   –  eh.net book review by Hugh Rockoff of Rutgers University.
Globalization -- Economic aspects.
International finance.
Monetary policy.
International finance
Monetary policy
Globalization
International Finance
Finance
Business & Economics