Commercial Banks and Industrial Finance in England and Wales, 1860-1913 / Edition 1

Commercial Banks and Industrial Finance in England and Wales, 1860-1913 / Edition 1

by Michael Collins, Mae Baker
     
 

ISBN-10: 0199249865

ISBN-13: 9780199249862

Pub. Date: 02/28/2004

Publisher: Oxford University Press, USA

Before 1914, the City of London was the premier international financial centre. However, following the disruption of the world markets caused by World War I and the Great Depression of the 1930s, other industrial nations quickly and effectively challenged Britain's influence. Critics of the banks claim that, even before 1914, there were serious deficiencies in the

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Overview

Before 1914, the City of London was the premier international financial centre. However, following the disruption of the world markets caused by World War I and the Great Depression of the 1930s, other industrial nations quickly and effectively challenged Britain's influence. Critics of the banks claim that, even before 1914, there were serious deficiencies in the financial provision provided by banks to the domestic industrial sector, and that these deficiencies handicapped Britain's competitive advantage in world markets, leading to the decline of their influence and power. This book examines these claims, and bringing to bear important new data that presents the debate in a novel and revealing framework, expounds an economic rationale for historical bank behaviour.

Product Details

ISBN-13:
9780199249862
Publisher:
Oxford University Press, USA
Publication date:
02/28/2004
Edition description:
New Edition
Pages:
312
Product dimensions:
9.30(w) x 6.20(h) x 1.00(d)

Table of Contents

List of Figures
List of Tables
Note to Reader on Monetary Values
1The Relationship Between Finance and Industry in Britain1
2Comparative European Banking Developments24
3Relationship Banking and Transaction Banking: Conceptual Issues47
4Trends in Commercial Bank Liabilities and Assets, 1860-191357
5The Impact of Financial Crises on Commercial Bank Behaviour82
6Bank Mergers and the Impact on Asset Structures, 1860-1913107
7Contemporary Opinion on Bank Lending134
8Professionalization, Organization, and Control150
9The Nature of Commercial Banks' Industrial Loans178
10Loan Refusals202
11Business Clients' Financial Distress221
12Conclusion250
Appendices259
References272
Company Index290
Name Index292
Subject Index294

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