The Oxford Handbook of Banking and Financial History
Edited by Youssef Cassis, Catherine R. Schenk, and Richard S. Grossman
Abstract
The financial crisis of 2008 aroused widespread interest in banking and financial history among policy makers, academics, journalists, and even bankers, in addition to the wider public. References in the press to the term ‘Great Depression’ spiked after the failure of Lehman Brothers in November 2008, with similar surges in references to ‘economic history’ at various times during the financial turbulence. In an attempt to better understand the magnitude of the shock, there was a demand for historical parallels. How severe was the financial crash? Was it, in fact, the most severe financial crisis since the Great Depression? Were its causes unique or part of a well-known historical pattern? And have financial crises always led to severe depressions? Historical reflection on the recent financial crises and the long-term development of the financial system go hand in hand. This volume provides the material for such a reflection by presenting the state of the art in banking and financial history. Nineteen highly regarded experts present twenty-one chapters on the economic and financial side of banking and financial activities, primarily—though not solely—in advanced economies, in a long-term comparative perspective. In addition to paying attention to general issues, not least those related to theoretical and methodological aspects of the discipline, the volume approaches the banking and financial world from four distinct but interrelated angles: financial institutions, financial markets, financial regulation, and financial crises.
Keywords:
financial history,
banking history,
financial institutions,
financial markets,
financial regulation,
financial crises,
financial systems
Bibliographic Information
- Publisher:
- Oxford University Press
- Print Publication Date:
- May 2016
- ISBN:
- 9780199658626
- Published online:
- Jul 2016
- DOI:
- 10.1093/oxfordhb/9780199658626.001.0001
Editors
Youssef Cassis,
editor
Youssef Cassis is Professor of Economic and Social History at the University of Geneva, Switzerland, and a Visiting Fellow at the London School of Economics and Political Science. His publications include City Bankers 1890–1914 (Cambridge, 1994), Big Business: The European Experience in the Twentieth Century (Oxford, 1997), and Capitals of Capital: A History of International Financial Centres 1780–2005 (Cambridge, 2006). He was the co‐founder, in 1994, of Financial History Review, which he co‐edited until 2005. He is currently President of the European Business History Association.
Catherine R. Schenk,
editor
Catherine R. Schenk FRHS is Professor of International Economic History at the University of Glasgow. She gained her PhD at the London School of Economics and has held academic posts at Royal Holloway, University of London, Victoria University of Wellington and visiting positions at the International Monetary Fund and the Hong Kong Monetary Authority as well as the University of Hong Kong. She is Associate Fellow in the international economics department at Chatham House in London. Her research focuses on international monetary and financial relations after 1945 with a particular emphasis on East Asia and the United Kingdom. She is the author of several books including International Economic Relations since 1945 (2011) and The Decline of Sterling: managing the retreat of an international currency (2010).
Richard S. Grossman,
editor
Richard S. Grossman is Professor of Economics at Wesleyan University and a Visiting Scholar at the Institute for Quantitative Social Science at Harvard University. He is the author of Unsettled Account: The Evolution of Banking in the Industrialized World since 1800 (Princeton, 2010) and WRONG: Nine Economic Policy Disasters and What We Can Learn from Them (Oxford, 2013). He is a research fellow of the Centre for Economic Policy Research in London, a research network fellow of CESifo in Munich, and an associate editor for socioeconomics, health policy, and law at the journal Neurosurgery. He has held visiting positions at the US Department of State, Yale University, and the Hebrew University of Jerusalem, and his research has been supported by the National Science Foundation, the German Marshall Fund of the United States and the Guggenheim Foundation.
