Evolving Financial Markets and International Capital Flows

Evolving Financial Markets and International Capital Flows

By Lance E Davis and Robert E Gallman

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This study examines the impact of British capital flows on the evolution of capital markets in four countries.

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Book Information

Publisher: Cambridge University Press
Publish Date: 05/07/2001
Pages: 996
ISBN-13: 9780521553520
ISBN-10: 0521553520
Language: English

Full Description

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.

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