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Introduction

In: Sovereign Debt and International Financial Control

Author

Listed:
  • Ali Cosşkun Tunçer

    (University College London)

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

Suggested Citation

  • Ali Cosşkun Tunçer, 2015. "Introduction," Palgrave Studies in the History of Finance, in: Sovereign Debt and International Financial Control, chapter 1, pages 1-8, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-1-137-37854-5_1
    DOI: 10.1057/9781137378545_1
    as

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