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Evolving Financial Markets and International Capital Flows: Britain, the Americas, and Australia, 1865-1914
Cambridge University Press | ISBN: 0521553520 | 2001-05-07 | PDF | 994 pages | 3 Mb
This study examines the impact of British capital flows on the evolution of capital markets in four countries--Argentina, Australia, Canada, and the United States--over the years 1865 to 1914. In substantive chapters on each of the countries it offers parallel histories of the evolution of their financial infrastructures--commercial banks, nonbank intermediaries, primary security markets, formal secondary security markets, and the institutions that provide the international financial links connecting the frontier country with the British capital market.