Read more
This study examines the impact of British capital flows on the evolution of capital markets in four countries.
List of contents
1. Institutional invention and innovation: foreign capital transfers and the evolution of the domestic capital markets in four frontier countries: Argentina, Australia, Canada, and the United States of America, 1865-1914; 2. The United Kingdom; 3. International capital movements, domestic capital markets, and American economic growth, 1865-1914; 4. Domestic savings, international capital flows, and the evolution of domestic capital markets: the Canadian experience; 5. Domestic saving, international capital flows, and the evolution of domestic capital markets: the Australian experience; 6. Argentine savings, investment, and economic growth before World War I; 7. Lessons from the past: international financial flows and the evolution of capital markets, Britain and Argentina, Australia, Canada, and the United States before World War I; 8. Skipping ahead: the evolution of the world's finance markets 1914-90: a brief sketch; 9. Lessons from the past/bibliography.
Summary
This study examines the impact of British capital flows on the evolution of capital markets in Argentina, Australia, Canada, and the United States over the years 1870 to 1914. It contrasts the experiences of the frontier countries and provides historical insights into current economic problems in Asia and Latin America.
