Journal•ISSN: 0968-5650
Financial History Review
Cambridge University Press
About: Financial History Review is an academic journal published by Cambridge University Press. The journal publishes majorly in the area(s): Currency & Stock exchange. It has an ISSN identifier of 0968-5650. Over the lifetime, 385 publications have been published receiving 5514 citations.
Topics: Currency, Stock exchange, Debt, Financial crisis, Monetary policy
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TL;DR: The Treaty of Westphalia created the modern nation-state system of Europe and set the stage for the long-term success of financial capitalism as mentioned in this paper, and the new sovereign states experimented with competing monetary regimes during their wars over the next century and twothirds while they extended and perfected the financial innovations in war finance developed during the Thirty Years War.
Abstract: Larry Neal, How it all began: the monetary and financial architecture of Europe during the first global capital markets, 1648–1815The Treaty of Westphalia created the modern nation-state system of Europe and set the stage for the long-term success of financial capitalism. The new sovereign states experimented with competing monetary regimes during their wars over the next century and two-thirds while they extended and perfected the financial innovations in war finance developed during the Thirty Years War. The Dutch maintained fixed exchange rates, the French insisted on exercising monetary independence, while the English placed priority on free movement of international capital. In struggling with the trilemma of choosing among the goals of maintaining fixed exchange rates, monetary independence and free movement of capital, the governments of early modern Europe learned many valuable lessons. By the time of the Napoleonic wars, the innovations that emphasised reliance on financial markets rather than on financial institutions proved their superiority.
178 citations
TL;DR: This bibliography covers publications that appeared during 2004 and during the year 2003 when they were not known before the deadline of last year's bibliography as mentioned in this paper, in this case the year of publication is mentioned in the citation.
Abstract: This bibliography covers publications that appeared during 2004 and during the year 2003 when they were not known before the deadline of last year’s bibliography. In this case the year of publication is mentioned in the citation. It follows criteria defined in 1994, being divided into two broad areas: general literature in financial history in section 1, and specialised material in section 2. Section 2 is then subdivided chronologically, and further by geographical area (the complete classification scheme was published in the FHR, volume 1, part 2, October 1994, pp. 157–60). From volume 11, part 2, October 2004, the bibliography concentrates on medieval, early modern and contemporary history. Where there are no entries for a particular section, the heading has been omitted. Abbreviations have been kept to a minimum, but standard abbreviations such as J. for Journal, Q. for Quarterly, Rev. for Review/Revue/Revista, have been used throughout. Short titles are used for references to edited volumes within the section in which they are listed; elsewhere they are cited in full. Doctoral theses and working papers are not included. Articles published in edited books are mentioned only if the bibliographer accessed the index of the book before the publication deadline. Translations in English for some European, Asian and African languages are used in the bibliography only when the source of the bibliographic citation made them available. All URLs used for websites were alive in June 2006. The bibliographer is pleased to receive suggestions of any kind for compiling this bibliography at the following e-mail address: .
133 citations
TL;DR: This paper identified three stable epochs, when such interpretations had stabilised, i.e. the Victorian era, 1840s-1914; the decades of government control, 1930s-60s; the triumph of the markets, 1980s-2007, and concluded with a crisis, when it became apparent that macroeconomic stability, the Great Moderation plus (efficient) markets could not guarantee financial stability.
Abstract: Although central banks have pursued the same objectives throughout their existence, primarily price and financial stability, the interpretation of their role in doing so has varied. We identify three stable epochs, when such interpretations had stabilised, i.e. the Victorian era, 1840s–1914; the decades of government control, 1930s–60s; the triumph of the markets, 1980s–2007. Each epoch was followed by a confused interregnum, searching for a new consensual blueprint. The final such epoch concluded with a crisis, when it became apparent that macro-economic stability, the Great Moderation, plus (efficient) markets could not guarantee financial stability. So the search is now on for additional macro-prudential (counter-cyclical) instruments. The use of such instruments will need to be associated with controlled variations in systemic liquidity, and in the balance sheet of the central bank. Such control over its own balance sheet is the core, central function of any central bank, even more so than its role in setting short-term interest rates, which latter could be delegated. We end by surveying how relationships between central banks and governments may change over the next period.
131 citations
TL;DR: This bibliography covers publications that appeared during 2002 and during the year 2001 when they were not known before the deadline of last year's bibliography as discussed by the authors, and it follows previous criteria being divided into two broad areas: general literature in financial history and specialised material in section 2.
Abstract: This bibliography covers publications that appeared during 2002 and during the year 2001 when they were not known before the deadline of last year’s bibliography. In that case, the year of publication is mentioned in the citation. It follows previous criteria being divided into two broad areas: general literature in financial history in section 1, and specialised material in section 2. Section 2 is then subdivided chronologically, and further by geographical area (the complete classification scheme was published in Volume 1, Part 2, October 1994, pp. 157–60). From this year, the bibliography will concentrate only on medieval, early modern and contemporary history as a result of a decision taken during the FHR Editorial Board Meeting in Athens, Greece, on 27 May 2004. Where there are no entries for a particular section, the heading has been omitted. Abbreviations have been kept to a minimum, but standard abbreviations such as J. for Journal, Q. for Quarterly, Rev. for Review/Revue, have been used throughout. Short titles are used for references to edited volumes within the section in which they are listed; elsewhere they are cited in full. Doctoral theses and working papers are not included. Articles published in books ‘edited by’ are mentioned only if the bibliographer accessed the index of the book before the deadline of the publication. Translations in English for some European, Asian and African languages are used in the bibliography only when the source of the bibliographic citation made it available. All URLs used for website citations were alive in July 2004. The bibliographer is pleased to receive suggestions of any kind for compiling this bibliography via e-mail at the following address: .
130 citations
TL;DR: Noiret et al. as discussed by the authors presented a bibliography of publications that appeared during 2001 and during the year 2000 when they were not known before the deadline of last year's bibliography.
Abstract: This bibliography covers publications that appeared during 2001 and during the year 2000 when they were not known before the deadline of last year’s bibliography. In that case, the year of publication is mentioned in the citation. It follows previous criteria being divided into two broad areas: general literature in financial history in section 1, and specialised material in section 2. Section 2 is then subdivided chronologically, and further by geographical area (the complete classification scheme was published in Volume 1, Part 2, October 1994, pp. 157–160). Where there are no entries for a particular section, the heading has been omitted. Abbreviations have been kept to a minimum, but standard abbreviations such as J. for Journal, Q. for Quarterly, Rev. for Review/Revue, have been used throughout. Short titles and cited titles (cit.), are used for references to edited volumes within the section in which they are listed; elsewhere they are cited in full. Doctoral theses and working papers are not included. Articles published in books ‘edited by’ are mentioned only if the bibliographer accessed the index of the book before the publication deadline. Translations in English for some European, Asian and African languages are used in the bibliography only when the source of the bibliographic citation made it available. All URLs for web-site citations were accessed in June–July 2003. The bibliographer is pleased to receive suggestions of any kind via e-mail at the following address:.
113 citations