London and Paris, the world's two leading financial centers in the nineteenth century, experienced differing fortunes during the twentieth century. While London remained an international financial center, Paris' influence declined. Yet over the last twenty years deregulation, internationalization, and the advent of the single currency have reactivated their competition in ways reminiscent of their old rivalry before the First World War.
This book provides a long-term perspective on the development of each centre, with special attention devoted to the pre-1914 years and to the last decades of the twentieth century, in order to contrast these two eras of globalization.
`This book has a truly exciting set of fifteen chapters... This is a well-integrated volume that should be in the library of every economic historian who deals with international banking and finance in the late nineteenth and twentieth century. I read it with great absorption and delight.'
Mira Wilkins, EH.NET
1: Youssef Cassis: Introduction: Comparative Perspectives on London and Paris as International Financial Centres, 1890-2000
Part I: London and Paris in Long-Term Perspective, 1890-2000
2: Ranald Michie: A Financial Phoenix: The City of London in the Twentieth Century
3: Alain Plessis: When Paris Dreamed of Competing with the City...
Part II: 'Golden Age', 1890-1914
4: Niall Ferguson: The City of London and British Imperialism: New Light on an Old Question
5: Marc Flandreau and François Gallice: Paris, London, and the International Money Market: Lessons from Paribas, 1885-1913
6: Youssef Cassis: London Banks and International Finance, 1890-1914
7: Samir Saul: New Issues, Syndicates, and the Paris Capital Market, 1890-1914
Part III: From Global Reach to Regional Withdrawal, 1914-58
8: Philip L. Cottrell: Established Connections and New Opportunities: London as a Financial Centre, 1914-58
9: Hubert Bonin: The Challenged Competitiveness of the Paris Capital Market, 1914-58
Part IV: The Road to Globalization, 1958-80
10: Catherine Schenk: Crisis and Opportunity: The Policy Environment of International Banking in the City of London, 1958-80
11: Olivier Feiertag: The International Opening up of the Paris Bourse: Debt-Economy Curbs and Market Dynamics
12: Mae Baker and Michael Collins: London as an International Banking Centre, 1958-80
13: Eric Bussière: French Banks and the Eurobonds Issue Market in the 1960s
Part V: Internationalization and Globalization, 1980-2000
14: Richard Roberts: London as an International Financial Centre, 1980-2000: Global Powerhouse or Wimbledon EC2?
15: André Straus: The Future of Paris as an International Centre from the Perspective of European Integration
Number Of Pages: 382
Published: 1st February 2005
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 24.1 x 16.3
Weight (kg): 0.72