Central Banks and Gold : : How Tokyo, London, and New York Shaped the Modern World / / Mark Metzler, Simon James Bytheway.
In recent decades, Tokyo, London, and New York have been the sites of credit bubbles of historically unprecedented magnitude. Central bankers have enjoyed almost unparalleled power and autonomy. They have cooperated to construct and preserve towering structures of debt, reshaping relations of power...
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2016] ©2016 |
Year of Publication: | 2016 |
Language: | English |
Series: | Cornell Studies in Money
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Physical Description: | 1 online resource (260 p.) :; 3 halftones, 10 tables |
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Bytheway, Simon James, author. aut http://id.loc.gov/vocabulary/relators/aut Central Banks and Gold : How Tokyo, London, and New York Shaped the Modern World / Mark Metzler, Simon James Bytheway. Ithaca, NY : Cornell University Press, [2016] ©2016 1 online resource (260 p.) : 3 halftones, 10 tables text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Cornell Studies in Money Frontmatter -- Contents -- List of Tables and Figures -- Preface -- Acknowledgments -- Abbreviations -- Note on Conventions -- Introduction: Bases of Credit -- 1. The Beginnings of Central Bank Cooperation: Tokyo and London, 1895-1914 -- 2. World War and Globalization -- 3. Japan Emerges as an International Creditor, 1915-1918 -- 4. Postwar Alignment -- 5. Wall Street Discovers Japan, Spring 1920 -- 6. Putting the Program into Action, 1920-1928 -- 7. Making a Market: London and Gold in the 1920s -- 8. The Rush for Gold -- Conclusion: Private Networks and the Public Interest -- Appendix: Reference Material -- Notes -- References -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star In recent decades, Tokyo, London, and New York have been the sites of credit bubbles of historically unprecedented magnitude. Central bankers have enjoyed almost unparalleled power and autonomy. They have cooperated to construct and preserve towering structures of debt, reshaping relations of power and ownership around the world. In Central Banks and Gold, Simon James Bytheway and Mark Metzler explore how this financialized form of globalism took shape a century ago, when Tokyo joined London and New York as a major financial center.As revealed here for the first time, close cooperation between central banks began along an unexpected axis, between London and Tokyo, around the year 1900, with the Bank of England's secret use of large Bank of Japan funds to intervene in the London markets. Central-bank cooperation became multilateral during World War I-the moment when Japan first emerged as a creditor country. In 1919 and 1920, as Japan, Great Britain, and the United States adopted deflation policies, the results of cooperation were realized in the world's first globally coordinated program of monetary policy. It was also in 1920 that Wall Street bankers moved to establish closer ties with Tokyo. Bytheway and Metzler tell the story of how the first age of central-bank power and pride ended in the disaster of the Great Depression, when a rush for gold brought the system crashing down. In all of this, we see also the quiet but surprisingly central place of Japan. We see it again today, in the way that Japan has unwillingly led the world into a new age of post-bubble economics. Issued also in print. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) Banks and banking, Central History. Banks and banking, Central; History. Banks and banking, International History. Banks and banking, International; History. Gold standard History. Gold standard; History. Money supply History. Money supply; History. Business (General). Political Science & Political History. U.S. History. HISTORY / Modern / 20th Century. bisacsh Metzler, Mark, author. aut http://id.loc.gov/vocabulary/relators/aut Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2016 9783110667493 print 9781501704949 https://doi.org/10.7591/9781501705953 https://www.degruyter.com/isbn/9781501705953 Cover https://www.degruyter.com/document/cover/isbn/9781501705953/original |
language |
English |
format |
eBook |
author |
Bytheway, Simon James, Bytheway, Simon James, Metzler, Mark, |
spellingShingle |
Bytheway, Simon James, Bytheway, Simon James, Metzler, Mark, Central Banks and Gold : How Tokyo, London, and New York Shaped the Modern World / Cornell Studies in Money Frontmatter -- Contents -- List of Tables and Figures -- Preface -- Acknowledgments -- Abbreviations -- Note on Conventions -- Introduction: Bases of Credit -- 1. The Beginnings of Central Bank Cooperation: Tokyo and London, 1895-1914 -- 2. World War and Globalization -- 3. Japan Emerges as an International Creditor, 1915-1918 -- 4. Postwar Alignment -- 5. Wall Street Discovers Japan, Spring 1920 -- 6. Putting the Program into Action, 1920-1928 -- 7. Making a Market: London and Gold in the 1920s -- 8. The Rush for Gold -- Conclusion: Private Networks and the Public Interest -- Appendix: Reference Material -- Notes -- References -- Index |
author_facet |
Bytheway, Simon James, Bytheway, Simon James, Metzler, Mark, Metzler, Mark, Metzler, Mark, |
author_variant |
s j b sj sjb s j b sj sjb m m mm |
author_role |
VerfasserIn VerfasserIn VerfasserIn |
author2 |
Metzler, Mark, Metzler, Mark, |
author2_variant |
m m mm |
author2_role |
VerfasserIn VerfasserIn |
author_sort |
Bytheway, Simon James, |
title |
Central Banks and Gold : How Tokyo, London, and New York Shaped the Modern World / |
title_sub |
How Tokyo, London, and New York Shaped the Modern World / |
title_full |
Central Banks and Gold : How Tokyo, London, and New York Shaped the Modern World / Mark Metzler, Simon James Bytheway. |
title_fullStr |
Central Banks and Gold : How Tokyo, London, and New York Shaped the Modern World / Mark Metzler, Simon James Bytheway. |
title_full_unstemmed |
Central Banks and Gold : How Tokyo, London, and New York Shaped the Modern World / Mark Metzler, Simon James Bytheway. |
title_auth |
Central Banks and Gold : How Tokyo, London, and New York Shaped the Modern World / |
title_alt |
Frontmatter -- Contents -- List of Tables and Figures -- Preface -- Acknowledgments -- Abbreviations -- Note on Conventions -- Introduction: Bases of Credit -- 1. The Beginnings of Central Bank Cooperation: Tokyo and London, 1895-1914 -- 2. World War and Globalization -- 3. Japan Emerges as an International Creditor, 1915-1918 -- 4. Postwar Alignment -- 5. Wall Street Discovers Japan, Spring 1920 -- 6. Putting the Program into Action, 1920-1928 -- 7. Making a Market: London and Gold in the 1920s -- 8. The Rush for Gold -- Conclusion: Private Networks and the Public Interest -- Appendix: Reference Material -- Notes -- References -- Index |
title_new |
Central Banks and Gold : |
title_sort |
central banks and gold : how tokyo, london, and new york shaped the modern world / |
series |
Cornell Studies in Money |
series2 |
Cornell Studies in Money |
publisher |
Cornell University Press, |
publishDate |
2016 |
physical |
1 online resource (260 p.) : 3 halftones, 10 tables Issued also in print. |
contents |
Frontmatter -- Contents -- List of Tables and Figures -- Preface -- Acknowledgments -- Abbreviations -- Note on Conventions -- Introduction: Bases of Credit -- 1. The Beginnings of Central Bank Cooperation: Tokyo and London, 1895-1914 -- 2. World War and Globalization -- 3. Japan Emerges as an International Creditor, 1915-1918 -- 4. Postwar Alignment -- 5. Wall Street Discovers Japan, Spring 1920 -- 6. Putting the Program into Action, 1920-1928 -- 7. Making a Market: London and Gold in the 1920s -- 8. The Rush for Gold -- Conclusion: Private Networks and the Public Interest -- Appendix: Reference Material -- Notes -- References -- Index |
isbn |
9781501705953 9783110667493 9781501704949 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG1811 |
callnumber-sort |
HG 41811 B98 42017 |
url |
https://doi.org/10.7591/9781501705953 https://www.degruyter.com/isbn/9781501705953 https://www.degruyter.com/document/cover/isbn/9781501705953/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.422209041 |
dewey-sort |
3332.422209041 |
dewey-raw |
332.422209041 |
dewey-search |
332.422209041 |
doi_str_mv |
10.7591/9781501705953 |
oclc_num |
965831619 |
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AT bythewaysimonjames centralbanksandgoldhowtokyolondonandnewyorkshapedthemodernworld AT metzlermark centralbanksandgoldhowtokyolondonandnewyorkshapedthemodernworld |
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n |
ids_txt_mv |
(DE-B1597)480119 (OCoLC)965831619 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2016 |
is_hierarchy_title |
Central Banks and Gold : How Tokyo, London, and New York Shaped the Modern World / |
container_title |
Title is part of eBook package: De Gruyter Cornell University Press Complete eBook-Package 2016 |
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