Carlo Edoardo Altamura – författare

In this book, Altamura analyses the oil shocks of 1973 and 1979, considering their impact on the world economy and subsequent reactions to the global instability.In terms of actors, the focus is on how international organisations such as the IMF, World Bank and OECD responded to the crisis, as well as the behaviour of commercial banks and central banks and of countries in the Global South. Altamura draws on newly available archival material from private financial institutions to paint a full picture of a rapidly changing world which paved the way for stagflation and interdependency.This monograph will be illuminating reading for economic and financial historians, plus scholars looking at energy history, the Cold War in a global context, the New International Economic Order and the political economy of the 1970s.

The banking and financial sector has expanded dramatically in the last forty years, and the consequences of this accelerated growth have been felt by people around the world.European Banks and the Rise of International Finance examines the historical origins of the financialised world we live in by analysing the transformations in world finance which occurred in the decade from the first oil crisis of 1973, until the debt crisis of 1982. This a crucial and formative decade for understanding the modern financial landscape, but it is still mostly unexplored in economic and financial history. The availability of new archival evidence has allowed for the re-examination of issues such as the progressive privatisation of international financial flows to Less Developed Countries, especially in Latin America and South-East Asia, and its impact on the expansion of the European banking sector, and for the development of an invaluable financial and political history.This book is well suited for those interested in monetary economics and economic history, as well as those studying international political economy, banking history and Financial history.