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Power of Money
Armand Van Dormael
€ 127.37
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Description for Power of Money
Hardcover. This work describes how, in the 1950s, through a chain of events, Soviet-owned banks established in Paris and London spawned the Eurodollar market, which has come to dominate world finance. Num Pages: 191 pages, biography. BIC Classification: 1D; 3JJPG; KCBM; KCLF; KCZ. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 216 x 140 x 1. Weight in Grams: 339.
A highly readable account of the collision between sovereign states and global economic forces for the control of money. Throughout the ages money was a prerogative of national sovereignty and currency management was the responsibility of governments. Bretton Woods provided the post-war framework for intergovernmental monetary cooperation until the banking community, using the Eurodollar as an international medium of exchange, forced governments to adopt a regime of floating rates in the 1970s. The book describes the development of the Eurodollar market and the consequences for world finance as a new breed of financiers and currency traders radically changed ... Read more
A highly readable account of the collision between sovereign states and global economic forces for the control of money. Throughout the ages money was a prerogative of national sovereignty and currency management was the responsibility of governments. Bretton Woods provided the post-war framework for intergovernmental monetary cooperation until the banking community, using the Eurodollar as an international medium of exchange, forced governments to adopt a regime of floating rates in the 1970s. The book describes the development of the Eurodollar market and the consequences for world finance as a new breed of financiers and currency traders radically changed ... Read more
Product Details
Format
Hardback
Publication date
1997
Publisher
Palgrave Macmillan
Number of pages
200
Condition
New
Number of Pages
184
Place of Publication
Basingstoke, United Kingdom
ISBN
9780333677773
SKU
V9780333677773
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Armand Van Dormael
ARMAND VAN DORMAEL joined the American company Sears, Roebuck in 1949 and was appointed head of the European buying organization with headquarters in Frankfurt, Germany. He thus acquired over 25 years direct experience of international trade. The monetary crises of the 1970s led him to search for a rational analysis of the structure of international finance. His book Bretton Woods: ... Read more
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