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The Origins of English Financial Markets Anne L. Murphy (University of Exeter)

The Origins of English Financial Markets By Anne L. Murphy (University of Exeter)

The Origins of English Financial Markets by Anne L. Murphy (University of Exeter)


Summary

This book examines the establishment of the institutions, such as the Bank of England, on which London's financial system was built during this crucial period in English financial history, and, for the first time, reveals the choices and actions of the investors who enthusiastically embraced the new investment opportunities.

The Origins of English Financial Markets Summary

The Origins of English Financial Markets: Investment and Speculation before the South Sea Bubble by Anne L. Murphy (University of Exeter)

The late seventeenth century was a crucial period in English financial history. A host of joint-stock companies emerged offering the opportunity for investment in projects ranging from the manufacture of paper to the search for sunken treasure. Driven by the demands of the Nine Years' War, the state also employed innovative tactics to attract money, its most famous scheme being the incorporation of the Bank of England. This book provides a comprehensive study of the choices and actions of the investors who enthusiastically embraced London's new financial market. It highlights the interactions between public and private finance, looks at how information circulated around the market and was used by speculators and investors, and documents the establishment of the institutions - the Bank of England, the national debt and an active secondary market in that debt - on which England's financial system was built.

The Origins of English Financial Markets Reviews

Murphy's book is a good starting point for anyone wishing to know more about an important and intriguing period in financial history. -Bruce G. Carruthers, American Historical Review

Table of Contents

Introduction; 1. London's first stock market boom; 2. The rise of the public funds; 3. The contemporary debate; 4. The development of a financial press; 5. Networks of information; 6. The investors; 7. Stock-jobbing the market; 8. Investment strategies; Conclusion; Appendices; Bibliography.

Additional information

NLS9781107406209
9781107406209
110740620X
The Origins of English Financial Markets: Investment and Speculation before the South Sea Bubble by Anne L. Murphy (University of Exeter)
New
Paperback
Cambridge University Press
2012-08-09
298
Joint winner of Economic History Society First Monograph Prize 2010
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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Customer Reviews - The Origins of English Financial Markets