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About this book
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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Table of contents (14 chapters)
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Front Matter
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Back Matter
About the author
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: Birth of a Monetary System became a standard reference, described by The Economist as absorbing ... an intriguing story and by the THES as the best scholarly work on the subject.
Bibliographic Information
Book Title: The Power of Money
Authors: Armand Dormael
DOI: https://doi.org/10.1007/978-1-349-14301-6
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Armand Van Dormael 1997
Hardcover ISBN: 978-0-333-67777-3Published: 21 January 1997
Softcover ISBN: 978-1-349-14303-0Published: 01 January 1997
eBook ISBN: 978-1-349-14301-6Published: 27 July 2016
Edition Number: 1
Number of Pages: VII, 184
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic History, International Economics