Abstract
The period from the 1870s to 1914 was the peak of the nineteenth-century globalisation characterised by increased movement of capital across the world.1 Britain — specifically, the London market — was the major source of foreign capital flows, accounting for 62 per cent of foreign investment in 1870. In 1914, Britain (at 43 per cent), France (20 per cent) and Germany (13 per cent) together accounted for 76 per cent of total foreign investment (see Table 1.1). The major part of the remaining investment was held by Belgium, the Netherlands and Switzerland.2
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© 2015 Ali Coşkun Tunçer
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Tunçer, A.C. (2015). Introduction. In: Sovereign Debt and International Financial Control. Palgrave Studies in the History of Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137378545_1
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DOI: https://doi.org/10.1057/9781137378545_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-57302-8
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