Not available in 2021/22
History of Global Finance

This information is for the 2021/22 session.

Teacher responsible

Prof Olivier Accominotti


The course is available on the MSc Financial History. 

Course content

This course introduces students to the history of the global monetary and financial system. It examines the main changes in the architecture of global finance and in the governance of international monetary affairs from the very early times to the twenty-first century. The course explores the rise of modern banking and finance, the origins of financial globalization and de-globalization, the causes of financial instability, and the evolution of central banking and monetary policy in both advanced and emerging economies. The course provides the necessary long-run, historical perspective to understand the most recent developments on financial markets and the related policy debate. As part of this course, students will also design and conduct one research project in financial history drawing upon archival sources or historical data. The project will prepare students for their research dissertation. 


20 hours of seminars in the MT. 20 hours of seminars in the LT. 2 hours of seminars in the ST.

Formative coursework

Students will be expected to produce 2 essays in the MT and LT.

Indicative reading

Aliber, R., & Kindleberger, C. P. (2015). Manias, panics and crashes : A history of financial crises. Palgrave.

Eichengreen, B. (2008). Globalizing Capital: A History of the International Monetary System. Princeton University Press.

Eichengreen, B. (2015). Hall of mirrors: The Great Depression, the great recession, and the uses-and misuses-of history. Oxford University Press.

Neal L. (2015). A concise history of international finance. Cambridge University Press.

Tooze, A. (2018). Crashed: how a decade of financial crises changed the world. Allen Lane. 



Exam (70%, duration: 2 minutes) in the summer exam period.
Project (30%, 3500 words) in the LT.

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Important information in response to COVID-19

Please note that during 2021/22 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.

Key facts

Department: Economic History

Total students 2020/21: Unavailable

Average class size 2020/21: Unavailable

Controlled access 2020/21: No

Value: One Unit

Guidelines for interpreting course guide information

Personal development skills

  • Leadership
  • Self-management
  • Team working
  • Problem solving
  • Application of information skills
  • Communication
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills