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The Power of Money|Armand Van Dormael

The Power of Money

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Overview

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 the nature of international banking.

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Details

  • ISBN-13: 9780333677773
  • ISBN-10: 0333677773
  • Publisher: Palgrave MacMillan
  • Publish Date: January 1997
  • Dimensions: 8.5 x 5.5 x 0.56 inches
  • Shipping Weight: 0.88 pounds
  • Page Count: 184

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