The Making of Global Finance 1880-1913
By: Marc Flandreau and Frédéric Zumer
Contributors: Zumer, Frédéric
Series: Development Centre studies; Development Centre Studies
Publisher: OECD Publishing
Published: 2009
Place of publication: Paris
Language: eng
Format: [electronic resource] /
Number of pages: 144
ISBN-13: 9789264015364
Subjects: Finance and Investment; Economics; Development
Description: 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.
Table of contents: title: Acknowledgements by the Authors; title: Preface by Jorge Braga de Macedo; title: Introdution: Reputation and Development; title: I. The Rules of the Game: Interest Convergence and Financial Globalisation; title: II. Worshipping Mammon; title: III. Religion and Other Dummies; title: IV. Micro Motives and Macro Behaviour; title: V. What's On Man's Mind: Theories in Use; title: VI. Empirical Evidence: Interest Spreads and the Debt Burden; title: VII. Thresholds of Confidence; title: VIII. Convergence Explained; title: IX. Developmental Consequences; title: X. Policy Lessons and Conclusions; title: Technical Appendix; title: Statistical Appendix: The Making of Global Finance: A Database; title: Database Tables; title: Bibliography