State and Financial Systems in Europe and the USA: Historical Perspectives on Regulation and Supervision in the Nineteenth and Twentieth Centuries

by Jaime Reis, Stefano Battilossi, Gabriella Massiglia

Overview

During the twentieth century the financial sector became possibly the most regulated area of the economy in many advanced and developing countries. The essays in this collection shed light on different aspects of the experience of financial regulation, ownership and deregulation in Europe and the USA from a secular historical perspective. The collection offers an intriguing insight into the differing ways western countries approached and responded to the challenges of the international financial system, and the legacy of this on the modern world. In so doing it holds up to historical scrutiny the debate as to whether overt state regulation of financial markets always has a negative affect on economic growth, or whether it can be an essential tool for developing nations in their efforts to expand their economies.

Product Details

ISBN-13:	9781409480730
Publisher:	Ashgate Publishing Ltd
Publication date:	06/28/2013
Series:	Studies in Banking and Financial History
Sold by:	Barnes & Noble
Format:	eBook
File size:	18 MB
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About the Author

Stefano Battilossi, Universidad Carlos III Madrid, Spain; and Jaime Reis, Universidad de Lisboa, Portugal

Table of Contents

Introduction, Stefano Battilossi, Jaime Reis; Chapter 1 ‘Conservative abroad, liberal at home’: British Banking Regulation during the Nineteenth Century, Philip L. Cottrell; Chapter 2 Lobbying, Institutional Inertia, and the Efficiency Issue in State Regulation: Evidence from the Evolution of Bankruptcy Laws and Procedures in Italy, England, and the US (c.1870–1939), Paolo Di Martino; Chapter 3 Regulation and Governance: A Secular Perspective on the Development of the American Financial System, Eugene N. White; Chapter 4, Ranald C. Michie; Chapter 5, Laure Quennouëlle-Corre, André Straus; Chapter 6, Richard S. Grossman; Chapter 7, Pablo Martín-Aceña, Teresa Tortella; Chapter 8 The Regulation of International Financial Markets from the 1950s to the 1990s, Catherine R. Schenk; Chapter 9 The Missing Link: International Banking Supervision in the Archives of the BIS, Piet Clement; Chapter 10, Peter Englund, Vesa Vihriälä;

Editorial Reviews

’Readers interested in qualitative financial history will enjoy the volume.’ EH.NET 'This makes for a very interesting and timely book, with the whole at least as good as the sum of its parts. The two editors, Battilossi and Reis, have done an excellent job, bringing together the various chapters in a strong introduction [...] and integrating the volume into the general discussion prompted by the financial debacle of 2007-8.' Economic History Review

From the Publisher