Based on bank and official archives, this book focuses on Japan's financial activities abroad - in particular, Japan's borrowings. This is the story of Japan's success: a "doubtful" borrower in the 1870s, it became respected after the Russo-Japan war. This study also highlights the mechanism of loan issues on the international capital markets. First published in 1994, this title is part of the Bloomsbury Academic Collections series.
This book 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.
This history of the global securities market is the product of over 30 years of research by one of the world's foremost financial historians. It covers all aspects of the history of the securities markets from its beginnings in Medieval Venice through Amsterdam and London to its operations in Tokyo and New York today. It also integrates the history of both stocks and bonds, established and emerging markets, stock exchanges and over-the- counter trading, and the crises and continuity that have made the global securities market such a force in the world over the centuries. A path-breaking book unlike any other written before, it provides in one volume an authoritative account of the global securities market from its earliest developments to the present day.
This volume brings together leading business and banking historians to examine the role and development of banks in Asia in the 19th and 20th centuries. It discusses both the overseas operations of European banks and the development of Asian (notably Japanese and Hong Kong) banks.
This book offers 14 contributions that examine key questions in bank decision-taking,constitution of confidence in banks and risk management practices from Early Modernity to the twentieth century. It explores how the various mechanisms of bank decision taking changed over time. Chapters also analyse the types of risk management techniques used, the contributory factors to the constitution of confidence and the methods that banking historians can use to analyse and describe bankers ́ risk management and decision taking - from system theory to behavioural finance, new institutional economics to praxeology and convention theory to network analysis. The different methodological approaches are put to the test in case studies based on archive material from four hundred years of banking in order to connect banking history more closely to political and cultural history.
"Investing Japan demonstrates that foreign investment is a vital and misunderstood aspect of Japan’s modern economic development. The drive to become a modern industrial power from the 1860s to the 1930s necessitated the adoption and internalization of foreign knowledge. This goal could only be achieved by working within the overarching financial and technological frameworks of Western capitalism. Foreign borrowing, supported by the gold standard, was the crux of Japan’s pre-war capital formation. It simultaneously financed domestic industrial development, the conduct of war, and territorial expansion on the Asian continent. Foreign borrowing also financed the establishment of infrastructure in Japan’s largest cities, the nationalization of railways, the interlinked capital-raising programs of “special banks” and parastatal companies, and the rapid electrification of Japanese industry in the 1920s. Simon James Bytheway investigates the role played by foreign companies in the Japanese experience of modernization while highlighting their identity as key agents in the processes of industrialization and technology transfer. Investing Japan delivers a complex, multifaceted analysis, intersecting with the histories of formal and informal economic imperialism, diplomacy, war financing, domestic and international financial markets, parastatal and multinational enterprise, and Japan’s “internationalization” vis-à-vis the emerging global market."
The essays selected for this volume show how the Pacific rapidly became part of an industrializing world. Its raw materials (notably rubber and copper) were critical, some of its handicraft industries were devastated by mechanized competition, others survived and adapted, contributing to distinctive patterns of industrialization that made Japan a new center of power, and also laid the groundwork for later growth in Taiwan, Korea, and coastal China. The Pacific coast of the Americas was also first drawn into an industrial world largely as an exporter of raw materials, but North and South diverged rapidly, portending futures even more different than those of Northeast and Southeast Asia. By the 1930s - when the uneven effects of industrialization would have much to do with plunging the Pacific into war - one can already glimpse in outline the structural bases for many of the region's contemporary characteristics. All this is set in context in the important introduction by Kenneth Pomeranz.
In this volume, some of the leading scholars on China's development examine China's responses to the global financial crisis and their implications for China's economy, society, and the international balances of power.
The rapid development of Japan at the turn of the last century, including the defeat of Russia in 1904-5, intrigued the western Imperial powers, but also aroused reactions of contempt and suspicion. Britain was the most important of the powers upon which Japan earnestly wished to impress herself to mitigate the rising tide of anti-Japanese sentiment. An exhibition in London, therefore, was seen as a timely event by the Meiji Government to advance Japanese agendas in political, economic and educational terms. This is the first major study of this remarkable venture, fully reviewed and documented, and concerned principally with the Japanese side of the story.
