London and Paris as International Financial Centres in the Twentieth Century

London and Paris as International Financial Centres in the Twentieth Century

By: Youssef Cassis (editor), Eric Bussiere (editor)Hardback

In Stock

£70.50 RRP £75.00  You save £4.50 (6%) With FREE Saver Delivery


London and Paris, the world's two leading financial centres in the nineteenth century, experienced differing fortunes during the twentieth century. While London remained an international financial centre, 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. The chapters include both archive-based and synthetic surveys and are written by the leading specialists of the field. This comparison between Europe's two leading capital cities will also provide new insights into two important subjects: the political economy of Britain and France in the twentieth century, and the history of international financial centres. As much as a comparison between London and Paris as international financial centres, this book is an Anglo-French comparison; in other words, it considers, through the prism of finance, several aspects of the two countries' economic, business, social, and political histories. It includes contributions from leading banking, financial, and economic historians, and will be of interest to academics, researchers, and students of Financial and Economic History, and the role of London and Paris in particular.

Create a review

About Author

Eric Bussiere is Jean Monnet Professor of European Construction at the University of Paris IV-Sorbonne. He is the author of Horace Finaly, Banquier (Paris, Fayard, 1996), and editor of Georges Pompidou et la Mutation Economique de l'Occident (Paris, PUF, 2003).


1. 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. A Financial Phoenix: The City of London in the Twentieth Century ; 3. When Paris Dreamed of Competing with the City... ; PART II: 'GOLDEN AGE', 1890-1914 ; 4. The City of London and British Imperialism: New Light on an Old Question ; 5. Paris, London, and the International Money Market: Lessons from Paribas, 1885-1913 ; 6. London Banks and International Finance, 1890-1914 ; 7. New Issues, Syndicates, and the Paris Capital Market, 1890-1914 ; PART III: FROM GLOBAL REACH TO REGIONAL WITHDRAWAL, 1914-58 ; 8. Established Connections and New Opportunities: London as a Financial Centre, 1914-58 ; 9. The Challenged Competitiveness of the Paris Capital Market, 1914-58 ; PART IV: THE ROAD TO GLOBALIZATION, 1958-80 ; 10. Crisis and Opportunity: The Policy Environment of International Banking in the City of London, 1958-80 ; 11. The International Opening up of the Paris Bourse: Debt-Economy Curbs and Market Dynamics ; 12. London as an International Banking Centre, 1958-80 ; 13. French Banks and the Eurobonds Issue Market in the 1960s ; PART V: INTERNATIONALIZATION AND GLOBALIZATION, 1980-2000 ; 14. London as an International Financial Centre, 1980-2000: Global Powerhouse or Wimbledon EC2? ; 15. The Future of Paris as an International Centre from the Perspective of European Integration

Product Details

  • publication date: 20/01/2005
  • ISBN13: 9780199269495
  • Format: Hardback
  • Number Of Pages: 382
  • ID: 9780199269495
  • weight: 720
  • ISBN10: 0199269491

Delivery Information

  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

Prices are for internet purchases only. Prices and availability in WHSmith Stores may vary significantly