London and Paris as International Financial Centres in the Twentieth Century

Edited by Youssef Cassis and Éric Bussière

Comparative analysis of the respective roles of London and Paris as international finance centres in the twentieth century
Contrasts the different fortunes of both centres
Examines how deregulation, internationalization, and the advent of the single currency over the last twenty years has reactivated their rivalry
Includes contributions from leading banking, financial, and economic historians including Philip Cottrell, Niall Ferguson, Marc Flandreau, Ranald Michie, and Richard Roberts

London and Paris as International Financial Centres in the Twentieth Century

Edited by Youssef Cassis and Éric Bussière

Description

London and Paris, the world's two leading financial centers in the nineteenth century, experienced differing fortunes during the twentieth century. While London remained an international financial center, Paris' influence declined. Yet over the last twenty years deregulation, internationalization, and the advent of the single currency have reactivated their competition in ways reminiscent of their old rivalry before the First World War.
This book provides a long-term perspective on the development of each centre, with special attention devoted to the pre-1914 years and to the last decades of the twentieth century, in order to contrast these two eras of globalization.

London and Paris as International Financial Centres in the Twentieth Century

Edited by Youssef Cassis and Éric Bussière

1. Introduction: Comparative Perspectives on London and Paris as International Financial Centres, 1890-2000, Youssef Cassis
Part I: London and Paris in Long-Term Perspective, 1890-2000
2. A Financial Phoenix: The City of London in the Twentieth Century, Ranald Michie
3. When Paris Dreamed of Competing with the City..., Alain Plessis
Part II: 'Golden Age', 1890-1914
4. The City of London and British Imperialism: New Light on an Old Question, Niall Ferguson
5. Paris, London, and the International Money Market: Lessons from Paribas, 1885-1913, Marc Flandreau and François Gallice
6. London Banks and International Finance, 1890-1914, Youssef Cassis
7. New Issues, Syndicates, and the Paris Capital Market, 1890-1914, Samir Saul
Part III: From Global Reach to Regional Withdrawal, 1914-58
8. Established Connections and New Opportunities: London as a Financial Centre, 1914-58, Philip L. Cottrell
9. The Challenged Competitiveness of the Paris Capital Market, 1914-58, Hubert Bonin
Part IV: The Road to Globalization, 1958-80
10. Crisis and Opportunity: The Policy Environment of International Banking in the City of London, 1958-80, Catherine Schenk
11. The International Opening up of the Paris Bourse: Debt-Economy Curbs and Market Dynamics, Olivier Feiertag
12. London as an International Banking Centre, 1958-80, Mae Baker and Michael Collins
13. French Banks and the Eurobonds Issue Market in the 1960s, Eric Bussière
Part V: Internationalization and Globalization, 1980-2000
14. London as an International Financial Centre, 1980-2000: Global Powerhouse or Wimbledon EC2?, Richard Roberts
15. The Future of Paris as an International Centre from the Perspective of European Integration, André Straus

London and Paris as International Financial Centres in the Twentieth Century

Edited by Youssef Cassis and Éric Bussière

Author Information

Youssef Cassis is Professor of Contemporary Economic History, University of Grenoble II, and Visiting Fellow at the London School of Economics and Political Science. He is author of Big Business: The European Experience in the 20th Century (OUP, 1997), and co-editor of European Banks and the American Challenge: Competition and Cooperation in International Banking Under Bretton Woods (OUP, 2002), with Stefano Battilossi. Éric Bussière is Jean Monnet Professor of European Construction at the University of Paris IV-Sorbonne. He is the author of Horace Finaly, Banquier (Paris, Fayard, 1996), and editor of Georges Pompidou et la Mutation Economique de l'Occident (Paris, PUF, 2003).

Contributors:

Mae Baker, Lecturer at the University of Leeds
Hubert Bonin, Professor at the Institut d'études politiques de Bordeaux
Eric Bussière, Professor at the University of Paris IV
Youssef Cassis, Professor at the University Pierre Mendès France of Grenoble and a Visiting Fellow at the Business History Unit, London School of Economics
Michael Collins, Professor at the University of Leeds
Philip Cottrell, Professor at the University of Leicester
Olivier Feiretag, Lecturer at the University of Paris X-Nanterre
Niall Ferguson, Professor at the University of Oxford
Marc Flandreau, Professor at the Institut d'Etudes Politiques de Paris
François Gallice, Researcher at the University of Paris X-Nanterre
Ranald Michie, Professor at the University of Durham
Alain Plessis, Professor Emeritus at the University Paris X-Nanterre
Richard Roberts, Reader at the University of Sussex
Samir Saul, Professor at the University of Montréal
Catherine Schenk, Senior Lecturer at the University of Glasgow
André Straus, Research Fellow at the CNRS