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- handle: 10670/1.86qiki
- hal: hal-01886978
- doi: 10.1017/S096856501700021X
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info:eu-repo/semantics/altIdentifier/doi/10.1017/S096856501700021X
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Mots-clés
Sovereign loans Geneva Financial centres Private banking F - International Economics/F.F3 - International Finance/F.F3.F34 - International Lending and Debt Problems G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G24 - Investment Banking • Venture Capital • Brokerage • Ratings and Ratings Agencies N - Economic History/N.N2 - Financial Markets and Institutions/N.N2.N23 - Europe: Pre-1913 -fin]/General Finance [q-fin.GN] -fin]/Trading and Market Microstructure [q-fin.TR]Sujets proches
Funds Funding Finance, commerce, confiscations, etcCiter ce document
Stefano Ugolini, « The origins of Swiss wealth management? Genevan private banking, 1800–1840 », HAL-SHS : économie et finance, ID : 10.1017/S096856501700021X
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Résumé
Geneva is host to the most ancient and venerable private banks of Switzerland, but not much is known about the circumstances in which the city allegedly developed an early competitive advantage in wealth management. Using an extraordinary qualitative source (Jacques Mirabaud's papers, and especially his memoirs), this article outlines the microstructure of Genevan private banking at the time of its emergence in the early nineteenth century. It finds that in those years, wealth managers' "raw material" did not consist of foreign capital, but of a remarkably abundant stock of domestic capital. Financial and social factors were intertwined in producing a very hierarchical division of labour in the origination and distribution of international sovereign loans.