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Enterprise and Society Advance Access originally published online on March 24, 2008
Enterprise and Society 2008 9(1):211-213; doi:10.1093/es/khn020
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© The Author 2008. Published by Oxford University Press on behalf of the Business History Conference. All rights reserved. For permissions, please e-mail: journals.permissions@oupjournals.org.

Youseff Cassis. Capitals of Capital: A History of International Financial Centres, 1780–2005

Cambridge: Cambridge University Press, 2006. xiv + 385 pp. ISBN 13-978-0-521-84535-9, $40.00

The first 10% of the full text of this article appears below.

The book presents a history of the most influential financial Centers, "the capitals of capital." Youseff Cassis evaluates the significance of these Centers by examining their concentration of financial services, their capacity to process surplus capital, particularly its export, and their role in the intermediation of financial transactions. Their history, from 1780 to the present day, is covered chronologically in six chapters. Each chapter establishes a hierarchy of Centers and reasons for changes in the hierarchy are analyzed as the story unfolds.

. . . [Full Text of this Article]

Steven Toms

University of York


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