From Crisis to Crisis (eBook)

From Crisis to Crisis examines the impact of the harsh conditions of the interwar economy on the British merchant banks.  The financial crises of 1914 and 1931 are assessed using primary sources. The competitive threats, including the rise of New York as a rival financial centre, are considered. It challenges alleged special treatment and provides fresh perspectives on the interwar rationalisation of industry. 

During the late nineteenth century, Britain's merchant banks had become pre-eminent in a world of fixed exchange rates, free trade and the unfettered mobility of international capital. This world was increasingly challenged in the interwar period, being replaced by floating exchange rates, trade protectionism and restrictions on capital movements.

Brian O'Sullivan is a Visiting Research Fellow at King's College, London, UK. He completed his PhD in 2015 at Birkbeck College, London, UK. He has spent most of his career in the asset management industry, including time with two merchant banks: Guinness Mahon and Schroders. He is currently Chief Operating Officer of Thomas Miller Investment. Previously he was a Senior Vice President at State Street Bank. He is a Fellow of the Institute of Chartered Accountants.