A Financial History of Western Europe by Charles P. Kindleberger

Author:Charles P. Kindleberger
Language: eng
Format: epub
ISBN: 9781136805776
Publisher: Taylor and Francis

Paris v London as the Leading European and World Financial Center

Since so little can be proved objectively about effective characteristics, we set out in Table 14.1 a comparison of interest rates in London and Paris, taken over bodily from a recent source, followed by a series of opinions, in which the literature abounds, as to the relative merits of the London and Paris capital markets. The table is for a limited segment of the prewar period and shows that domestic securities were, on the whole, lower yielding in Britain, foreign securities lower yielding in France.

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