Capital Markets and Capital Formation in Australia 1890–1945

Datos Bibliográficos

ID20437017
AutoresD T Merrett, David Merrett (0000-0003-0904-0474, The University of Melbourne, autor de correspondencia)
Año1997
Volumen37
Número3
Páginas181-201
Fecha de publicación1997-11-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaAustralian Economic History Review (JOURNAL)
Identificadores de la revistaISSN: 0004-8992 • E-ISSN: 1467-8446
EditorialWiley (PUBLISHER • GB)
DOI10.1111/1467-8446.00014
OpenAlexW2044457746
IdiomaEN
Citas recibidas9

This survey article examines the interaction between the domestic capital markets and capital formation in Australia from the 1890s up to the end of World War II. The disenchantment of the City of London with Australian securities in the 1890s opened a window for the development of domestic capital markets. It was the demands of the government for funds, especially during both wars, that transformed the scale and character of local markets. Local deposit taking institutions and stock exchanges handled a sufficient volume of domestic savings to fund the lion's share of both public and private sector capital formation

Business · Capital (architecture) · Capital formation · Capital market · Disenchantment · Divestment · Economics · Financial capital · Financial system · Fixed capital · Geography · Human capital · Market economy · Political science · Australian History and Society · Finance