Part of the Palgrave Studies in the History of Finance book series (PSHF)


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


Sovereign Debt Debtor Country International Financial Market Fiscal Capacity Bond Spread 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Ali Coşkun Tunçer 2015

Authors and Affiliations

  1. 1.University College LondonUK

Personalised recommendations