Jump to ContentJump to Main Navigation
Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries$
Users without a subscription are not able to see the full content.

Laure Quennouëlle-Corre and Youssef Cassis

Print publication date: 2011

Print ISBN-13: 9780199603503

Published to Oxford Scholarship Online: September 2011

DOI: 10.1093/acprof:oso/9780199603503.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see www.oxfordscholarship.com/page/privacy-policy).date: 18 December 2018

‘Rivalry and Collaboration’: Relations between Buenos Aires Merchant Bankers and European Bankers in the Issue of Argentine Government Bonds in the 1880s

‘Rivalry and Collaboration’: Relations between Buenos Aires Merchant Bankers and European Bankers in the Issue of Argentine Government Bonds in the 1880s

Chapter:
(p.71) 4 ‘Rivalry and Collaboration’: Relations between Buenos Aires Merchant Bankers and European Bankers in the Issue of Argentine Government Bonds in the 1880s
Source:
Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries
Author(s):

Carlos Marichal

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199603503.003.0004

In this chapter attention is focused on the role of merchant and investment bankers on both sides of the Atlantic who were key actors in establishing bridges between the financial markets of Latin America and those of Europe in the 1880's. The focus is on Argentina because it was the largest debtor in Latin America in this decade and because it was able to place bonds on different European financial markets, including London, Paris, Berlin, and Brussels. The main argument of the chapter is that a full understanding of international capital flows requires an understanding of the dynamics of actors in both the emerging financial markets of debtor states and in the mature financial markets of the main capital supplying nations. A comparative review of Argentine international bond issues in the 1880s reveals the key role of local merchant bankers in establishing alliances with European bankers that were essential to placement of loans as well as to the increase of foreign direct investments.

Keywords:   capital flows, foreign loans, bonds, banks, bankers, Britain, France, Germany, Argentina, financial markets, railway construction

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .