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.
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 Fran?ois 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,l#>