The Evolution of the International Financial Centers

When it comes to the idea of “international financial centers,” places like London, New York, or Frankfurt come to mind.  How did these cities become the centers of world finance? What can determine their fall? Taking a long-term perspective based on decades of research, professor Youssef Cassis, author of Capitals of Capital provides us a brief account of this fascinating story in the video below. 



More on Youssef Cassis 

A basic bibliography and other resources on the history of the world’s financial centers

Cassis, Youssef (2011), Crisis and Opportunities: The Shaping of Modern Finance. Oxford:
Oxford University Press

Cassis, Youssef (2006), Capitals of Capital: A History of International Financial Centers, 1780-
2005. Cambridge: Cambridge University Press 

Cassis, Youssef and Eric Brussiere (Eds.) (2005), London and Paris as International Financial
Centers in the Twentieth Century. Oxford: Oxford University Press 

Kindleberger, Charles (1973), The Formation of Financial Centers: A Study in Comparative
Economic History. Boston: MIT Working Paper #114. 

MacDonald, Scott and Albert Gastmann (2017), A History of Credit and Power in the Western
World. New York: Taylor and Francis.