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.
Original language | English |
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Pages (from-to) | 10-27 |
Journal | Business and Economic Horizons |
Volume | 3 |
Issue number | 3 |
DOIs | |
Publication status | Published - 1 Jan 2010 |
Keywords
- Financial business
- nineteenth-century financial markets
- public debt
- bilateral monopoly
- government
- tobacco and matches
- bargaining
- Portugal