The Power of Money (Hardcover)

Throughout the ages money was a prerogative of national sovereignty. Currency management was the responsibility of governments.;After World War 2 Bretton Woods provided the framework for intergovernmental monetary cooperation until, in the early seventies, the banking community, using the Eurodollar as an international medium of exchange, forced governments to adopt a regime of floating rates.;The book describes how, in the 1950s, through an improbable chain of events, Soviet-owned banks established in Paris and London spawned the Eurodollar market, which has come to dominate world finance.;The Euromarket has given rise to a new breed of financiers and currency traders who radically changed the nature of international banking. The book relates the collision between sovereign states and stateless economic forces, the struggle for supremacy between the political authorities and the international financial community, their strategies and tactics, their strengths and weaknesses.

General

Imprint:	Palgrave Macmillan
Country of origin:	United Kingdom
Release date:	1997
First published:	1997
Authors:	Armand Van Dormael
Dimensions:	216 x 140 x 1mm (L x W x T)
Format:	Hardcover
Pages:	184
ISBN-13:	978-0-333-67777-3
Categories:	Books > Humanities > History > History of specific subjects > Economic history Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Economics > International economics > International finance Books > History > History of specific subjects > Economic history
LSN:	0-333-67777-3
Barcode:	9780333677773

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