Marc Flandreau and François Gallice
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780199269495
- eISBN:
- 9780191710162
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199269495.003.0005
- Subject:
- Business and Management, Finance, Accounting, and Banking
This chapter deals with one aspect of short-term capital movements over the period 1885-1913. It studies the role of the French haute banque in the operation of the international monetary system. It ...
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This chapter deals with one aspect of short-term capital movements over the period 1885-1913. It studies the role of the French haute banque in the operation of the international monetary system. It adopts a monographic approach, examining the international balances of the Banque de Paris et des Pays-Bas (Paribas), in an attempt to reinterpret what is known of the pre-1914 international money market's structure. The novelty of this methodology is that it uses microeconomics as a financial probe to reveal a number of more general problems. This is in contrast with macroeconomic studies of statistical interrelations among national interest rates which treat markets as black boxes.Less
This chapter deals with one aspect of short-term capital movements over the period 1885-1913. It studies the role of the French haute banque in the operation of the international monetary system. It adopts a monographic approach, examining the international balances of the Banque de Paris et des Pays-Bas (Paribas), in an attempt to reinterpret what is known of the pre-1914 international money market's structure. The novelty of this methodology is that it uses microeconomics as a financial probe to reveal a number of more general problems. This is in contrast with macroeconomic studies of statistical interrelations among national interest rates which treat markets as black boxes.
Youssef Cassis and Philip L. Cottrell
- Published in print:
- 2015
- Published Online:
- September 2015
- ISBN:
- 9780198735755
- eISBN:
- 9780191799723
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198735755.001.0001
- Subject:
- Business and Management, Finance, Accounting, and Banking, Business History
This book analyses the experiences of European private bankers from the early modern period to the early twenty-first century. Private bankers have been defined as owner-managers of their bank, ...
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This book analyses the experiences of European private bankers from the early modern period to the early twenty-first century. Private bankers have been defined as owner-managers of their bank, irrespective of their type of activity, which could be in any field of banking, sometimes in conjunction with another one, especially commerce in the earlier periods. The book examines, first, the slow emergence of specialist private bankers, largely from amongst those who provided commercial credit. This initial consideration culminates in a focus upon the roles that they variously played both during the onset of the continent’s industrialization, and in orchestrating the finances of the emerging world economy. Its second theme is private banking’s waning importance with the rise of joint-stock competitors, which became increasingly apparent in Britain during the mid-nineteenth century, and elsewhere within Europe some decades later. Lastly, attention is paid to the decline of private bankers in the twentieth century—a protracted and uneven decline, combined with the persistence and even the enduring success of some segments of the profession. It concludes with the revival of private banking in the late twentieth century as a response to the development of a new market—the management of personal wealth.Less
This book analyses the experiences of European private bankers from the early modern period to the early twenty-first century. Private bankers have been defined as owner-managers of their bank, irrespective of their type of activity, which could be in any field of banking, sometimes in conjunction with another one, especially commerce in the earlier periods. The book examines, first, the slow emergence of specialist private bankers, largely from amongst those who provided commercial credit. This initial consideration culminates in a focus upon the roles that they variously played both during the onset of the continent’s industrialization, and in orchestrating the finances of the emerging world economy. Its second theme is private banking’s waning importance with the rise of joint-stock competitors, which became increasingly apparent in Britain during the mid-nineteenth century, and elsewhere within Europe some decades later. Lastly, attention is paid to the decline of private bankers in the twentieth century—a protracted and uneven decline, combined with the persistence and even the enduring success of some segments of the profession. It concludes with the revival of private banking in the late twentieth century as a response to the development of a new market—the management of personal wealth.
Niccolò Valmori
- Published in print:
- 2018
- Published Online:
- September 2018
- ISBN:
- 9780198782797
- eISBN:
- 9780191825941
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198782797.003.0003
- Subject:
- Business and Management, International Business
Information and connections are essential elements of the life of market actors. In revolutionary times direct access to limited information and a strong network of connections in the political world ...
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Information and connections are essential elements of the life of market actors. In revolutionary times direct access to limited information and a strong network of connections in the political world are vital to thrive. The chapter analyses the double-sided dimension of information and political connections during the French Revolution through three case studies of merchants and bankers with interests at stake in France. Direct access to information concerning French political life allowed the banker Walter Boyd to enhance his position through his dealings with the wealthy financier Henry Hope; James Bourdieu paid a high price due to his connection with minister Jacques Necker; while the trajectory of Jean-Conrad Hottinguer demonstrates the ability of bankers to build long-lasting relations with political figures and clients during turbulent times.Less
Information and connections are essential elements of the life of market actors. In revolutionary times direct access to limited information and a strong network of connections in the political world are vital to thrive. The chapter analyses the double-sided dimension of information and political connections during the French Revolution through three case studies of merchants and bankers with interests at stake in France. Direct access to information concerning French political life allowed the banker Walter Boyd to enhance his position through his dealings with the wealthy financier Henry Hope; James Bourdieu paid a high price due to his connection with minister Jacques Necker; while the trajectory of Jean-Conrad Hottinguer demonstrates the ability of bankers to build long-lasting relations with political figures and clients during turbulent times.
