London Capital Market and Australia, 1870-1914

Topics:

  • Name Capital and money markets, etc
  • Name International investment
  • Name Investors & investor behaviour

Countries:

  • Australia

Library:

Groups:

Notes:

Publication of the writer's doctoral thesis, London School of Economics, 1951, with some minor amendments. Considers the character of the London capital market as it evolved, 1870-1914, and the nature of access to the market by Australian borrowers. The latter covers such areas as: what type of securities were issued; what was the character of the Anglo-Australian companies accessing the market; conditions in Australia governing its demand for capital; changes in the direction of British investment in Australia; etc. Structured in two parts: 1] 'The London capital market, 1870-1914' - 'The volume and character of the securities' / 'The investor' / 'The mechanism of the market'; 2] 'Australia and the London capital market, 1870-1914' - 'The market for Australian securities' / 'Australian demand for British supply of capital'; 'The course of events in the London market' / 'Conclusion'