The Origins of International Banking in Asia

The Origins of International Banking in Asia

Author: Shizuya Nishimura

Publisher: Oxford University Press

Published: 2012-09-27

Total Pages:

ISBN-13: 0191641332

DOWNLOAD EBOOK

Without a means of crediting and debiting accounts worldwide and the non-physical transfer of funds, the rapid global economic integration of the late nineteenth and early twentieth centuries would have been impossible. It is the globalization of the banking system, much of which, particularly in Asia, had its roots in the nineteenth century, that helped facilitate increased human mobility, the exchange of commodities and manufactures, and the simplified transfer of funds. This volume examines the origins, growth, and business practices of European banks in Asia, and the development of Asian (notably Japanese and Hong Kong) banks, and their operations on an international stage, and in doing so, provides important new detail and analysis of economic globalization. It draws on the archival documentation of main British, French, and Japanese banks involved and provides analysis from a range of historical viewpoints, including global banking strategy, monetary regimes, financial markets, international trade, labour immigration, and the development of communication tools.


Banking Panics of the Gilded Age

Banking Panics of the Gilded Age

Author: Elmus Wicker

Publisher: Cambridge University Press

Published: 2000-09-04

Total Pages: 182

ISBN-13: 0521770238

DOWNLOAD EBOOK

This study of post-Civil War banking panics has constructed estimates of bank closures and their incidence in five separate banking disturbances. The book reconstructs the course of banking panics in the interior, where suspension of cash payment was the primary effect on the average person.


Britain and Latin America in the 19th and 20th Centuries

Britain and Latin America in the 19th and 20th Centuries

Author: Rory Miller

Publisher: Routledge

Published: 2014-06-06

Total Pages: 342

ISBN-13: 1317870298

DOWNLOAD EBOOK

The first full-length survey of Britain's role in Latin America as a whole from the early 1800s to the 1950s, when influence in the region passed to the United States. Rory Miller examines the reasons for the rise and decline of British influence, and reappraises its impact on the Latin American states. Did it, as often claimed, circumscribe their political autonomy and inhibit their economic development? This sustained case study of imperialism and dependency will have an interest beyond Latin American specialists alone.


International Banking 1870-1914

International Banking 1870-1914

Author: Rondo Cameron

Publisher: Oxford University Press

Published: 1992-03-12

Total Pages: 670

ISBN-13: 0195345126

DOWNLOAD EBOOK

This book, the product of a unique international scholarly collaboration sponsored jointly by the American Council of Learned Societies and the Soviet Academy of Sciences, provides a comprehensive survey on international banking from 1870 to 1914. In that period international investment reached dimensions previously unknown, and the banking systems of the world achieved a degree of internationalization without precedent. The book's authors, twenty-five scholars from fifteen countries, are the acknowledged experts in their fields. They detail the origin and development of internationally oriented banks in each major country, and explain their role in foreign investment and industrial finance. They look at all areas of the world that were involved in international investment, either as investors, recipients of investment, or both. The definitive work on international banking from 1870 to 1914, this book will interest scholars and students in financial and banking history, bankers and economists in the finanical industry, and general historians.


Bankers and Empire

Bankers and Empire

Author: Peter James Hudson

Publisher: University of Chicago Press

Published: 2017-04-27

Total Pages: 370

ISBN-13: 022645925X

DOWNLOAD EBOOK

From the end of the nineteenth century until the onset of the Great Depression, Wall Street embarked on a stunning, unprecedented, and often bloody period of international expansion in the Caribbean. A host of financial entities sought to control banking, trade, and finance in the region. In the process, they not only trampled local sovereignty, grappled with domestic banking regulation, and backed US imperialism—but they also set the model for bad behavior by banks, visible still today. In Bankers and Empire, Peter James Hudson tells the provocative story of this period, taking a close look at both the institutions and individuals who defined this era of American capitalism in the West Indies. Whether in Wall Street minstrel shows or in dubious practices across the Caribbean, the behavior of the banks was deeply conditioned by bankers’ racial views and prejudices. Drawing deeply on a broad range of sources, Hudson reveals that the banks’ experimental practices and projects in the Caribbean often led to embarrassing failure, and, eventually, literal erasure from the archives.


State and Financial Systems in Europe and the USA

State and Financial Systems in Europe and the USA

Author: Stefano Battilossi

Publisher: Ashgate Publishing, Ltd.

Published: 2010

Total Pages: 244

ISBN-13: 9780754665946

DOWNLOAD EBOOK

During the twentieth century the financial sector became possibly the most regulated area of the economy in many advanced and developing countries. The essays in this collection shed light on different aspects of the experience of financial regulation, ownership and deregulation in Europe and the USA from a secular historical perspective. The collection offers an intriguing insight into the differing ways western countries approached and responded to the challenges of the international financial system, and the legacy of this on the modern world. In so doing it holds up to historical scrutiny the debate as to whether overt state regulation of financial markets always has a negative affect on economic growth, or whether it can be an essential tool for developing nations in their efforts to expand their economies.


The International Origins of the Federal Reserve System

The International Origins of the Federal Reserve System

Author: J. Lawrence Broz

Publisher: Cornell University Press

Published: 2018-10-18

Total Pages: 286

ISBN-13: 1501722379

DOWNLOAD EBOOK

The Federal Reserve Act of 1913 created the infrastructure for the modern American payments system. Probing the origins of this benchmark legislation, J. Lawrence Broz finds that international factors were crucial to its conception and passage. Until its passage, the United States had suffered under one of the most inefficient payment systems in the world. Serious banking panics erupted frequently, and nominal interest rates fluctuated wildly. Structural and regulatory flaws contributed not only to financial instability at home but also to the virtual absence of the dollar in world trade and payments.Key institutional features of the Federal Reserve Act addressed both these shortcomings but it was the goal of internationalizing usage of the dollar that motivated social actors to pressure Congress for the improvements. With New York bankers in the forefront, an international coalition lobbied for a system that would reduce internal problems such as recurring panics, and simultaneously allow New York to challenge London's preeminence as the global banking center and encourage bankers to make the dollar a worldwide currency of record. To those who organized the political effort to pass the Act, Broz contends, the creation of the Federal Reserve System was first and foremost a response to international opportunities.


A History of Modern Shanghai Banking: The Rise and Decline of China's Financial Capitalism

A History of Modern Shanghai Banking: The Rise and Decline of China's Financial Capitalism

Author: Ji Zhaojin

Publisher: Routledge

Published: 2016-07-08

Total Pages: 366

ISBN-13: 131747807X

DOWNLOAD EBOOK

As the center of capitalism in China, Shanghai banking provides a unique perspective for assessing the impact of the changes from financial capitalism to socialist planning banking in the early 1950s, and for evaluating the reform of China's banking system since the 1980s. This book offers a comprehensive history of Shanghai banking and capital markets from 1842 to 1952, and illustrates the non-financial elements that contributed to the revolutionary social and financial changes since the 1950s, as well as financial experiences that are significant to China's economic development today. The book describes the rise and fall of China's traditional native banks, the establishment of foreign banks, and the creation of modern state banks, while focusing on the colorful world of banking, finance, and international relations in modern Shanghai. It assesses the Chinese government's intervention in banking and finance during the Qing dynasty and the Republican era, as well as the concept of state capitalism after the establishment of the People's Republic. The author examines various modern-style Chinese banks through fascinating stories of Shanghai bankers. In addition, she provides detailed coverage of market-oriented international trade, banking associations, the conflicts between state and society, the government involvement in business, the management of foreign exchange, joint venture banks, wartime banking and finance, hyperinflation, corruption, and banking nationalization.