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Volume 3
Issue 3
Online publication date 2010-10-14
Title Portuguese public debt and financial business before WWI
Author Maria Eugenia Mata
Abstract Government, public finance, and public debt framed the historical background for exceptional financial business opportunities for Henry Burnay as a private banker and a network with Baring Brothers, Comptoir National d'Escompte, Banque de Paris et des Pays Bas, Neuflize et Cie., Crédit Lyonnais, Société Générale, Deutsche Bank, Bank fur Handel& Industrie, Dresdner Bank, M. Jacob H. S. Stern and the Deutsche Effecten & Wechsel Bank from Frankfurt. Nineteenth-century financial markets and public debt emerge as the main players in the game.
Credibility and honesty are important values for earning confidence and trust in international financial business, while bilateral-monopoly market situations required a lot of bargaining for joint profit maximization.
Citation
References
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Keywords Financial business, nineteenth-century financial markets, public debt, bilateral monopoly, Government, tobacco and matches, bargaining, Portugal
DOI http://dx.doi.org/10.15208/beh.2010.24
Pages 10-27
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