4. America, and Boundaries Breached

  1. Brett Christophers

Published Online: 14 JAN 2013

DOI: 10.1002/9781118295496.ch4

Banking Across Boundaries: Placing Finance in Capitalism

Banking Across Boundaries: Placing Finance in Capitalism

How to Cite

Christophers, B. (2013) America, and Boundaries Breached, in Banking Across Boundaries: Placing Finance in Capitalism, John Wiley & Sons, Ltd, Oxford. doi: 10.1002/9781118295496.ch4

Publication History

  1. Published Online: 14 JAN 2013
  2. Published Print: 25 MAR 2013

ISBN Information

Print ISBN: 9781444338294

Online ISBN: 9781118295496



  • cross-border banking;
  • productive capital flows;
  • US banking internationalization;
  • US national accounts


This chapter principally focuses on the pertinent “conjunctural assemblage” which materialized in the US context between the 1930s and 1970s, and proceeds by considering each of this assemblage's core constituent elements in turn. The first section looks at the development of US national accounts in the 1930s and 1940s. The second section shifts focus to the intellectual milieu within which emerged not only this envisioning of “productive” banks but of course also the parallel envisioning of productive capital flows. The third section assesses the developments in US banking internationalization, which the chapter as a whole aims to situate in the context of the representations and worldviews considered in the first two sections. The final section of the chapter looks beyond the US context to consider what was happening elsewhere during these two decades, in respect of both geographical and conceptual boundary crossings by banks.