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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.
List of contents
1 Introduction: The Development of International Banking in Asia (Ayumu Sugawara, Takeshi Nishimura).- 2 International Financial Centres in Europe and Asia, 1900 - 2000 (Youssef Cassis).- 3 From Silver to Gold: The Currency Reforms in Asia before 1914 (Takeshi Nishimura).- 4 British International Banking (Masashi Kitabayashi).- 5 British Overseas Banks' Activities in the London Financial Market before the First World War from a View Point of Bill Transactions (Toshio Suzuki).- 6 A Case Study on British International Banks: The London Office of the Hongkong and Shanghai Banking Corporation, 1875-1889 (Manhan Siu).- 7 French International Banking: a historical survey (Kazuhiko Yago).- 8 French trade and banking footholds in Hankow/Wuhan Challenging British hegemony up the Yangtze (1903 to 1920) (Hubert Bonin).- 9 German International Banks in East Asia (1889-1913) (Motoaki Akagawa).- 10 American International Banking inAsia: The Case of IBC in China (Ayumu Sugawara).- 11 Japanese International Banking (Makoto Kasuya).- 12 Chinese International Banking (Tomoko Shiroyama).- Index.
Summary
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.
