London, New York and the dynamics of international markets from the late nineteenth to the early twenty-first century
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71
This article analyses the conditions under which New York succeeded London as the world’s leading international financial centre and the relationship between these cities and the other leading financial centres in Europe and, later, in Asia from the late nineteenth to the early twenty-first century. The interactions between financial centres, based on competition and cooperation, are discussed with respect to their role in international capital flows, taking into account the financial strength of the Great Powers, the financial architecture of the main centres and the international economic and political context.
Réseaux sociaux