Banks, Exchanges, and Regulators
Global Financial Markets from the 1970s
Price: 2895.00 INR
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ISBN:
9780199553730
Publication date:
28/09/2021
Hardback
768 pages
248.9x180.6mm
Price: 2895.00 INR
We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.
ISBN:
9780199553730
Publication date:
28/09/2021
Hardback
768 pages
Ranald C. Michie
An unrivalled account of global financial markets from the 1970s to the present,Based on an exhaustive reading of the Financial Times by a leading financial historian,Provides comprehensive coverage of developments around the world for a global perspective on the scale and pace of change,Treats the entire financial system as an integrated unit so that changes and developments can be examined in context
Rights: OUP UK (INDIAN TERRITORY)
Ranald C. Michie
Description
Never have financial markets been subjected to a period of change as rapid and extensive as took place from the 1970s onwards. In the 1970s global financial markets were controlled by governments, compartmentalized along national boundaries, and segregated according to the particular activities they engaged in. This all disintegrated in the decades that followed under the pressure of market forces, global integration, and a revolution in the technology of trading. One product of this transformation was the Global Financial Crisis of 2008, which exposed the fragility of the new structures created and cast a long shadow that we still live in today. The response
to that crisis has shaped the global financial system, which has been tested once again by the coronavirus pandemic.
However, none of the outcomes of this transformation were inevitable, despite the forces at work. They were the product of decisions taken at the time for a multitude of reasons. Banks, exchanges, and regulators were faced with unprecedented challenges and opportunities as a revolution swept away traditional ways of conducting banking, the methods used to trade in financial markets, and the rules and regulations employed to enforce discipline. In this book Ranald C. Michie provides an authoritative and unrivalled account of this upheaval based on a
careful and exhaustive reading of the Financial Times over the last four decades, using it to provide a source of material unmatched by any other in terms of depth and coverage. By studying what happened and why in real time, it is possible to explain the decisions taken that shaped the course of the transformation and its repercussions.
About the author
Ranald C. Michie, Emeritus Professor of History, Durham UniversityRanald C. Michie is one of the world's leading financial historians. He has written extensively on stock exchanges, securities markets, banking, and financial centres over many years, and is the author of several books including British Banking (Oxford 2016) and The Global Securities Market (Oxford 2006). He has taught at both Durham and Newcastle Universities and given papers to numerous academic gatherings around the world, including in Europe, North America, and Japan.
Ranald C. Michie
Table of contents
1:Introduction
2:Trends, Events, and Centres, 1970-1992
3:Banks, Brokers, Bonds, and Currencies, 1970-1992
4:Commodities and Derivatives, 1970-1992
5:Equities and Exchanges, 1970-1992
6:Regulation and Regulators, 1970-1992
7:Trends, Events, and Centres, 1993-2006
8:Banks and Brokers, 1993-2006
9:Bonds and Currencies, 1993-2006
10:Commodities and Derivatives, 1993-2006
11:Equities and Exchanges, 1993-2006
12:Regulation and Regulators, 1993-2006
13:Trends, Events, and Centres, 2007-2020
14:Global Financial Crisis: Causes, Course, and Consequences, 2007-2020
15:Banks and Brokers, 2007-2020
16:Bonds and Currencies, 2007-2020
Ranald C. Michie
Description
Never have financial markets been subjected to a period of change as rapid and extensive as took place from the 1970s onwards. In the 1970s global financial markets were controlled by governments, compartmentalized along national boundaries, and segregated according to the particular activities they engaged in. This all disintegrated in the decades that followed under the pressure of market forces, global integration, and a revolution in the technology of trading. One product of this transformation was the Global Financial Crisis of 2008, which exposed the fragility of the new structures created and cast a long shadow that we still live in today. The response
to that crisis has shaped the global financial system, which has been tested once again by the coronavirus pandemic.
However, none of the outcomes of this transformation were inevitable, despite the forces at work. They were the product of decisions taken at the time for a multitude of reasons. Banks, exchanges, and regulators were faced with unprecedented challenges and opportunities as a revolution swept away traditional ways of conducting banking, the methods used to trade in financial markets, and the rules and regulations employed to enforce discipline. In this book Ranald C. Michie provides an authoritative and unrivalled account of this upheaval based on a
careful and exhaustive reading of the Financial Times over the last four decades, using it to provide a source of material unmatched by any other in terms of depth and coverage. By studying what happened and why in real time, it is possible to explain the decisions taken that shaped the course of the transformation and its repercussions.
About the author
Ranald C. Michie, Emeritus Professor of History, Durham UniversityRanald C. Michie is one of the world's leading financial historians. He has written extensively on stock exchanges, securities markets, banking, and financial centres over many years, and is the author of several books including British Banking (Oxford 2016) and The Global Securities Market (Oxford 2006). He has taught at both Durham and Newcastle Universities and given papers to numerous academic gatherings around the world, including in Europe, North America, and Japan.
Table of contents
1:Introduction
2:Trends, Events, and Centres, 1970-1992
3:Banks, Brokers, Bonds, and Currencies, 1970-1992
4:Commodities and Derivatives, 1970-1992
5:Equities and Exchanges, 1970-1992
6:Regulation and Regulators, 1970-1992
7:Trends, Events, and Centres, 1993-2006
8:Banks and Brokers, 1993-2006
9:Bonds and Currencies, 1993-2006
10:Commodities and Derivatives, 1993-2006
11:Equities and Exchanges, 1993-2006
12:Regulation and Regulators, 1993-2006
13:Trends, Events, and Centres, 2007-2020
14:Global Financial Crisis: Causes, Course, and Consequences, 2007-2020
15:Banks and Brokers, 2007-2020
16:Bonds and Currencies, 2007-2020
