The Bretton Woods system ensured a quarter of a century of relative
stability on the world's financial markets. The quarter of a
century which has followed has brought financial chaos and
excessive financial volatility. Exchange Rate Chaos: 25 Years of
Financial and Consumer Democracy describes and compares US and
British financial history during this period. It highlights: *
similarites in financial developments between the two countries *
consumer democracy: Have the wishes of consumers dominated exchange
rate policy? * The decline of the small investor and the hegemony
of financial institutions * How the floating exchange rates are
manipulated to government advantage One of the few financial
histories to deal with the postwar period, this book shows how
financial developments have shaped contemporary society and
politics.
General
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