The Development Of International Banking In Asia (studies In Economic History)

To provide an understanding of financial globalization from a historical point of view, this book sheds light on international banking in Asia before World War II. International banking facilitated the relationship between Asian economic development and international financial centres. Focusing on the origins of a wide variety of banks not just from Europe but beyond Europe, such as the United States and Asia, particularly Japan and China, this book comprehensively explores competition and collaboration among international banks in Asia. It clarifies international banking's role of integrating the global market and the impact on both ends of the global economy -- the international financial centres in the developed world and the developing economies in Asia. Economic development in Asia from the late nineteenth century to the 1930s as a part of the globalizing economy mirrors Asia's current role as the global economic-growth powerhouse. This book focuses on the two key similarities between Asia's past and present: intra-Asian relationships and the relationship between Asia and developed economies, namely, Europe, the United States, and Japan. Getting into the heart of the relationships, i.e., finance, this book presents a sophisticated and realistic image of the tangled network of international economic relations, distinguished from the conventional image of a one-sided advantage or disadvantage among involved nations Front Matter ....Pages i-xix Introduction: The Development of International Banking in Asia (Ayumu Sugawara, Takeshi Nishimura)....Pages 1-24 International Financial Centres in Europe and Asia, 1900–2000 (Youssef Cassis)....Pages 25-41 From Silver to Gold: The Currency Reforms in Asia Before 1914 (Takeshi Nishimura)....Pages 43-70 British International Banking (Masashi Kitabayashi)....Pages 71-113 British Overseas Banks’ Activities in the London Financial Market Before the First World War from a View Point of Bill Transactions (Toshio Suzuki)....Pages 115-155 A Case Study on British International Banks: The London Office of the Hongkong and Shanghai Banking Corporation, 1875–1889 (Manhan Siu)....Pages 157-176 French International Banking: A Historical Survey (Kazuhiko Yago)....Pages 177-194 French Trade and Banking Footholds in Hankow/Wuhan Challenging British Hegemony up the Yangtze (1903–1920) (Hubert Bonin)....Pages 195-220 German International Banks in East Asia (1889–1913) (Motoaki Akagawa)....Pages 221-250 American International Banking in Asia: The Case of IBC in China (Ayumu Sugawara)....Pages 251-284 Japanese International Banking (Makoto Kasuya)....Pages 285-308 Chinese International Banking (Tomoko Shiroyama)....Pages 309-336 Back Matter ....Pages 337-346