Handbook of Key Global Financial Markets, Institutions, and Infrastructure

1st Edition

Editor-in-Chiefs: Gerard Caprio
Hardcover ISBN: 9780123978738
eBook ISBN: 9780124058989
Imprint: Academic Press
Published Date: 27th November 2012
Page Count: 634
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Table of Contents

Volume 1

Section Editors for this volume



I: Globalization of Finance: An Historical View

Chapter 1. History of Financial Globalization, Overview


Chapter 2. Banking Fragility, United States, 1790–2009


Banking Fragility in Theory and in Historical Reality

US Banking Crises: 1790–1933

A Worldwide Tale of Two Banking Eras: 1875–1913 and 1978–2009



Further Reading

Chapter 3. Bretton Woods and Monetary Regimes


Types and Examples of Monetary Regimes

The Classical Gold Standard

The Interwar Years, the Gold-Exchange Standard, and the Great Depression

Bretton Woods and the Anglo-American Compromise


Further Reading

Chapter 4. British Corporate Finance, 1500–1860

World in 1500

Impact of the Voyages of Discovery

Emergence of the Joint-Stock Company

Rise of the Secondary Market in Shares

War Financing – State and Capital Markets

Into the Nineteenth Century


Chapter 5. Chinese Finance, 1348–1700

Public and Private Finance in China, 1000–1700

The Monetary System

Public Finance

Credit and Private Finance



Further Readings

Chapter 6. Chinese Money and Monetary System, 1800–2000, Overview

A Conceptual Framework








Chapter 7. Dutch Bank Finance, 1600–1800

An Exchange Bank

The First Five Decades

Fiat Money

Monetary Policy

Eighteenth Century


Further Reading

Chapter 8. Dutc


Understanding twenty-first century global financial integration requires a two-part background.  The Handbook of Key Global Financial Markets, Institutions, and Infrastructure begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability.  It then describes the architecture itself by analyzing its parts, such as markets, institutions, and infrastructure.  The contributions of sovereign funds, auditing regulation, loan markets, property rights, compensation practices, Islamic finance, and others to the global architecture are closely examined.  For those seeking substantial, authoritative descriptions and summaries, this volume will replace books, journals, and other information sources with a single, easy-to-use reference work.

Key Features

  • Substantial articles by top scholars sets this volume apart from other information sources
  • Diverse international perspectives result in new opportunities for analysis and research
  • Rapidly developing subjects will interest readers well into the future


Undergraduates and graduate students worldwide working in all areas of finance and economics.  Researchers will typically be examining the global aspects and implications of their particular interests.


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© Academic Press 2012
Academic Press
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"Part of a three-volume series dedicated to examining the myriad issues related to financial globalization…this volume addresses the historical and institutional roots of financial globalization and current key institutional elements of current global finance."--Reference and Research Book News, February 2013
"In times of turmoil, people seek understanding and composure by looking to the past for guidance. This collection of papers provides an excellent reference in our troubled financial times for investors, analysts, and policy makers. As the first comprehensive attempt to document the world’s monetary past, the volume makes a terrific supplement for courses in financial history."--Richard Steckel, The Ohio State University
The Handbook of Key Global Financial Markets, Institutions, and Infrastructure takes a sweeping view of the history of financial markets and their institutions, which span millennia and includes the rise of fall of empires, republics, and economic and political unions. The volume clearly establishes that many of the recent experiences in financial markets, especially financial crisis, bank internationalisation and government bailouts are not unique to the recent past but have occurred time and time again. The authors of this collection offer rare insights and perspectives on these experiences. Although, the contexts may differ the lessons from history are succinctly explained and interpreted in the modern context. Hopefully the retelling will ensure they are not ignored."--Jonathan A. Batten, Hong Kong University of Science & Technology

About the Editor-in-Chiefs

Gerard Caprio Editor-in-Chief

Gerard Caprio is William Brough Professor of Economics and Chair, Center for Development Economics at Williams College. He has served as the Head of Financial Sector Policy at The World Bank and Vice President and Head of Global Economics at J.P. Morgan.

Affiliations and Expertise

Williams College, Williamstown, MA