1st Edition

A Global Financial History of Oil Crises

By Carlo Edoardo Altamura Copyright 2026
106 Pages 1 B/W Illustrations
by Routledge

106 Pages 1 B/W Illustrations
by Routledge

In this book, Altamura analyses the oil shocks of 1973 and 1979, considering their impact on the world economy and subsequent reactions to the global instability. In terms of actors, the focus is on how international organisations such as the IMF, World Bank and OECD responded to the crisis, as well as the behaviour of commercial banks and central banks and of countries in the Global South.... Read more

About the Author

Acknowledgements

 Introduction: Why a Global Financial History of the Oil Crises?

1. Friends in High Places: Aid from OPEC Countries after the 1970s

2. International Finance and the Recycling of Oil Surpluses: The Domestic Response

3. International Finance and the Recycling of Oil Surpluses: The International Response

4. Oil Money and the Transformation of International Banking

Conclusion: Back to the Future

Bibliography

Index

Biography

Carlo Edoardo Altamura is Assistant Professor (Lecturer) of Twentieth-Century Latin American History in the Department of History, University of Manchester.