Staff profile

Ranald Michie's research interests all fall into the broad area of financial history. Though primarily focused on the history of the British financial system, his work takes a global perspective. This is driven by a belief that no national financial system can be adequately understood in isolation. While banks and stock exchanges are traditionally studied as distinct financial institutions, he is equally concerned with their interaction through the money and capital markets. He similarly seeks to study both the internal workings and external connections of financial systems. As a result, his research has increasingly concentrated on two aspects. The first is the history of global securities markets, extending his publications on the London Stock Exchange to work on stock exchanges around the world. The second is the history of the City of London as a financial centre as it moved from trade to finance, and from domestic to global orientations.

• British and international economic history since 1700
• Financial history, especially the City of London
• Stock exchanges

• Tipping Points

Authored book

• Michie, Ranald C. (2009). Guilty Money. The City of London in Victorian and Edwardian Culture 1815-1914. London: Pickering and Chatto.
• Michie, RC (2006). The Global Securities Market: a History. Oxford: Oxford University Press.
• Michie RC (1999). The London Stock Exchange: A History. Oxford University Press.
• Michie, RC (1992). The City of London: Continuity and Change since 1850. London: Macmillan.
• Michie, R C (1987). The London and New York Stock Exchanges 1850 - 1914. London: Allen & Unwin.
• Michie, R C (1981). Money, Mania and Markets: Investment, Company Formation and the Stock Exchange in Nineteenth-Century Scotland. Edinburgh: John Donald.

Chapter in book

• Michie, Ranald (2011). Gamblers, Fools, Victims or Wizards? The British Investor in the Public Mind, 1850-1930. In Men, Women and Money: Perspectives on Gender, Wealth, and Investment 1850-1930. Green, D R, Owens, A, Maltby, J & Rutterford, J Oxford University Press. 156-183.
• Michie, Ranald (2011). The Battle of the Bourses? Competition between Stock Exchanges in the Twentieth Century. In Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries. Quennouelle-Corre, L & Cassis, Y Oxford University Press. 15-46.
• (2010). The emergence and survival of a financial cluster in Britain. In Learning from some of Britain’s Successful Sectors: An Historical Analysis of the Role of Government. London: Department of Business Innovation and Skills (BIS Economics Paper no. 6). 87-109.
• Lange, Even Olsson, Ulf Fraser, Iain L. & Cottrell, Philip (2007). The City of London as a global financial centre 1880-1939: finance, foreign exchange and the first world war. In Centre and Peripheries in banking: the Historical Development of Financial Markets. Aldershot: Ashgate. 41-79.
• Michie, Ranald (2006). The City of London as a European financial centre in the twentieth century. In Europäische Finanzplätze im Wettbewerb 27. Symposium des Instituts für bankhistorische Forschung e.V. am 16. Juni 2004 im Hause der Deutschen Bundesbank, Hauptverwaltung Frankfurt am Main. Schmidt, Reinhard H. Stuttgart: Steiner. 51-81.
• Michie, R. C. (2005). A financial phoenix: the City of London in the twentieth century. In London and Paris as International Financial Centres in the Twentieth Century. Youssef Cassis & Eric Bussiere Oxford: Oxford University Press. 15-41.
• Michie, R. C. (2004). The City of London and the British government: the changing relationship. In The British Government and the City of London in the Twentieth Century. Ranald Michie & Philip Williamson Cambridge: Cambridge University Press. 31-55.
• Michie, R. C. (2003). Banks and securities markets, 1870-1914. In The Origins of National Financial Systems: Alexander Gerschenkron Reconsidered. Douglas J. Forsyth & Daniel Verdier Oxford: Routledge. 43-63.
• Michie, R C (2003). The City of London and British banking, 1900-1939. In A companion to Early Twentieth-Century Britain. Chris Wrigley Blackwell. 249-269.

Edited book

• Philip Williamson & Ranald Michie (2004). The British Government and the City of London in the Twentieth Century. Cambridge University Press.
• Michie, R C (2000). The Development of London as a Financial Centre. I.B. Tauris.

Journal Article

• (2008). Reversal or change? The global securities market in the 20th century. New Global Studies 2.
• Michie RC (1999). Insiders, outsiders and the dynamics of change in the City of London since 1900. Journal of Contemporary History 33: 547-71.
• Michie RC (1998). The invisible stabiliser: asset arbitrage and the international monetary system since 1700. Financial History Review 15: 5-26.
• Michie RC (1997). Friend or foe? Information technology and the London Stock Exchange since 1700. Journal of Historical Geography 23: 304-26.
• Michie, R C (1996). The international trade in food and the City of London since 1850. Journal of European Economic History 25: 369-404.
• Michie, R C (1988). The finance of innovation in late Victorian and Edwardian Britain: possibilities and constraints. Journal of European Economic History 17: 491-530.
• Michie, R C (1988). Dunn, Fischer and Co. in the City of London, 1906-14. Business History 30: 195-218.
• Michie, R C (1985). Income, expenditure and investment of a Victorian millionaire: Lord Overstone, 1823-83. Bulletin of the Institute of Historical Research 58: 59-77.
• Michie, R C (1985). The London Stock Exchange and the British securities market, 1850-1914. Economic History Review 38: 61-82.
• Michie, R C (1983). Crisis and opportunity: the formation and operation of the British Assets Trust 1897-1914. Business History 25: 125-147.
• Michie, R C (1981). Options, concessions, syndicates, and the provision of venture capital, 1880 - 1913. Business History 23: 147-164.
• Michie, R C (1979). The social web of investment in the nineteenth century. Revue Internationale d'Histoire de la Banque 18: 158-175.
• Michie, R C (1977). North-east Scotland and the northern whale fishing, 1752-1893. Northern Scotland 3: 60-85.