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The power of money / Armand Van Dormael.
- Format:
- Book
- Author/Creator:
- Dormael, Armand van, 1916- author.
- Language:
- English
- Subjects (All):
- Money.
- Physical Description:
- 1 online resource (VII, 184 p.)
- Edition:
- 10th ed.
- Place of Publication:
- Houndsmills, Basingstoke, Hampshire, England : Macmillan Press Ltd, [1997]
- Summary:
- 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.
- Notes:
- Description based on print version record.
- OCLC:
- 1085159507
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