Foreign banks and the London money market during the first globalisation
This study examines the relationship between the London Money Market (LMM) and the credit provision of non-British overseas banks during the first wave of globalisation. Using monthly data between 1889 and 1913, we find a positive relationship between the amount of credit authorised by the German Br...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
University of Oxford
2023
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