The London Stock Exchange
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Book 1
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The London Stock Exchange: A History

The London Stock Exchange: A History


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About the Book

Benefiting from unrivalled access to its archives, Professor Michie explores the changes that have taken place throughout the history of the London Stock Exchange and reveals the profound implications of these changes not only for the Stock Exchange itself, but also for the relationship between the government and the securities market. Complete with an introduction by Sir Nicholas Goodison, former Chairman of the Stock Exchange, this book provides an invaluable insight into the wayBritain's financial system has evolved over the centuries and the role it has played both at home and abroad. -;In 2001, the London Stock Exchange will be 200 years old, though its origins go back a century before that. This book traces the history of the London Stock Exchange from its beginnings around 1700 to the present day, chronicling the challenges and opportunities it has faced, avoided, or exploited over the years.Throughout, the history seeks to blend an understanding of the London Stock Exchange as an institution with that of the securities market of which it was - and is - such an important component. One cannot be examined satisfactorily without the other. Without a knowledge of both, for example, the causes of the 'Big Bang' of 1986 would forever remain a mystery. However, the history of the London Stock Exchange is not just worthy of study for what it reveals about the interaction betweeninstitution and market. Such was the importance of the London Stock Exchange that its rise to world dominance before 1914, its decline thereafter, and its renaissance from the mid-1980s, explain a great deal about Britain's own economic performance and the working of the international economy.

About the Author :
Ranald Michie is Professor of History at the University of Durham, where he has been since 1974. He has also held visiting research fellowships in both the United States and Canada and has delivered papers in numerous international institutions. His international speciality is the history of stock exchanges having conducted research in both the British Isles and North America.

Review :
"No one familiar with Professor Ranald Michie's earlier work...will be surprised that he has produced a superb volume that will amost certainly be the last institutional history of the first two hundred years of the London Stock Exchange....His book is a 'must-read' for any student of British and world finance, of formal security markets, and of British economic history, and an 'almost-must-read' for anyone with a general interest in economic history....carefully drawn and thorough...a superb study...truly fascinating."--Journal of Economic History "No one familiar with Professor Ranald Michie's earlier work...will be surprised that he has produced a superb volume that will amost certainly be the last institutional history of the first two hundred years of the London Stock Exchange....His book is a 'must-read' for any student of British and world finance, of formal security markets, and of British economic history, and an 'almost-must-read' for anyone with a general interest in economic history....carefully drawn and thorough...a superb study...truly fascinating."--Journal of Economic History "No one familiar with Professor Ranald Michie's earlier work...will be surprised that he has produced a superb volume that will amost certainly be the last institutional history of the first two hundred years of the London Stock Exchange....His book is a 'must-read' for any student of British and world finance, of formal security markets, and of British economic history, and an 'almost-must-read' for anyone with a general interest in economic history....carefully drawn and thorough...a superb study...truly fascinating."--Journal of Economic History "No one familiar with Professor Ranald Michie's earlier work...will be surprised that he has produced a superb volume that will amost certainly be the last institutional history of the first two hundred years of the London Stock Exchange....His book is a 'must-read' for any student of British and world finance, of formal security markets, and of British economic history, and an 'almost-must-read' for anyone with a general interest in economic history....carefully drawn and thorough...a superb study...truly fascinating."--Journal of Economic History


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Product Details
  • ISBN-13: 9780191529344
  • Publisher: Oxford University Press
  • Publisher Imprint: Oxford University Press
  • Language: English
  • Sub Title: A History
  • ISBN-10: 0191529346
  • Publisher Date: /12/2001
  • Binding: Digital (delivered electronically)
  • No of Pages: 697


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