A Concise History of International Finance: From Babylon to Bernanke (New Approaches to Economic and Social History)

Uploader: This PDF is a frankenstein of the chapters of the original book plus its references downloaded online and uploaded in seperate forms. It doesn't include, however, Contents, List of figures, List of boxes, List of tables, and Index. Ever since the financial crisis of 2008, doubts have been raised about the future of capitalism. In this broad-ranging survey of financial capitalism from antiquity to the present, Larry Neal reveals the ways in which the financial innovations throughout history have increased trade and prosperity as well as improving standards of living. These innovations have, however, all too often led to financial crises as a result of the failure of effective coordination among banks, capital markets, and governments. The book examines this key interrelationship between financial innovation, government regulation and financial crises across three thousand years, showing through past successes and failures the key factors that underpin any successful recovery and sustain economic growth. The result is both an essential introduction to financial capitalism and also a series of workable solutions that will help both to preserve the gains we have already achieved and to mitigate the dangers of future crises. Preface 1 Introduction 2 Distant beginnings: the first 3000 years 3 The Italians invent modern finance 4 The rise of international financial capitalism: the seventeenth century.pdf‎ 5 The “Big Bang” of financial capitalism: financing and re-financing the Mississippi and South Sea Companies, 1688-1720.pdf‎ 6 The rise and spread of financial capitalism, 1720-1789.pdf‎ 7 Financial innovations during the “birth of the modern,” 1789–1830: a tale of three revolutions 8 British recovery and attempts to imitate in the US, France, and Germany, 1825–1850 9 Financial globalization takes off: the spread of sterling and the rise of the gold standard, 1848–1879 10 The first global financial market and the classical gold standard, 1880-1914.pdf‎ 11 The Thirty Years War and the disruption of international finance, 1914-1944 12 The Bretton Woods era and the re-emergence of international finance, 1945-1973 13 From turmoil to the “Great Moderation,” 1973–2007 14 The sub-prime crisis and the aftermath, 2007-2014 References Ever since the financial crisis of 2008, doubts have been raised about the future of capitalism. In this broad-ranging survey of financial capitalism from antiquity to the present, Larry Neal reveals the ways in which the financial innovations throughout history have increased trade and prosperity as well as improving standards of living. These innovations have, however, all too often led to financial crises as a result of the failure of effective coordination among banks, capital markets, and governments. The book examines this key interrelationship between financial innovation, government regulation and financial crises across three thousand years, showing through past successes and failures the key factors which underpin any successful recovery and sustain economic growth. The result is both an essential introduction to financial capitalism and also a series of workable solutions that will help both to preserve the gains we have already achieved and to mitigate the dangers of future crises A comprehensive survey of international financial history across three thousand years. Larry Neal discusses past crises, both historically and internationally, in order to show how many of them have been successfully overcome in ways that might be adapted to deal with the crises of 2007 to 2010.