My Wish Lists Login / Join

The Re-Emergence of Global Finance

By: Gary Burn

Write A Review

Hardcover | 4 September 2006 | Edition Number 1

At a Glance

Hardcover
244 Pages

Edition Type
Annotated

Dimensions(cm)
21.59 x 13.97 x 1.42

Hardcover

$249.00

or 4 interest-free payments of $62.25 with

Ships in 5 to 7 business days

Gary Burn examines how in 1950s London, City bankers invented a new form of money and escaped offshore, beyond the jurisdiction of monetary authority. This most momentous financial innovation since the bank note, paved the way for globalization. It was a first shot in the neo-liberal counter-revolution against the Keynesian welfare state. This is the story of the Eurodollar and the re-emergence of global capital. It tells how the City discarded sterling and reclaimed its historic role as the world's foremost financial centre.

Industry Reviews

'...this is a valuable book that is well-researched and highly readable...It makes an important contribution to our understanding of the development of the international financial system...' - Ranald Michie, Bankhistorisches Archiv

Shipping

	Standard Shipping	Express Shipping
Metro postcodes:	$9.99	$14.95
Regional postcodes:	$9.99	$14.95
Rural postcodes:	$9.99	$14.95

Orders over $79.00 qualify for free shipping.

How to return your order

At Booktopia, we offer hassle-free returns in accordance with our returns policy. If you wish to return an item, please get in touch with Booktopia Customer Care.

Additional postage charges may be applicable.

Defective items

If there is a problem with any of the items received for your order then the Booktopia Customer Care team is ready to assist you.

For more info please visit our Help Centre.

You Can Find This Book In

Non-Fiction Accounting & Finance Finance Economics International Economics International Finance Political Economy Accounting Management Accounting & Bookkeeping

List of Figures	p. ix
List of Abbreviations	p. x
Preface	p. xi
Introduction	p. 1
The end of a Golden Age	p. 1
Global finance v. national capitalism	p. 2
Redrawing sovereignty in the City	p. 6
Accumulation and institutional change	p. 10
The Evolution of the Euromarkets	p. 15
Defining Euromoney	p. 16
The origins of the Eurodollar market	p. 18
Developing a foreign market for dollars	p. 24
US banks take over the London Eurodollar market	p. 28
The establishment of the Eurobond market	p. 29
The state v. market dichotomy	p. 33
Historic mechanisms	p. 38
Sterling and the City-Bank-Treasury Nexus	p. 42
Sterling, the discount market and the bill on London	p. 43
Public v. private: institutional schizophrenia at the Bank of England	p. 45
The return to gold	p. 49
After gold	p. 59
Restoring Sterling after 1945	p. 63
America v. Britain: creating an international monetary system	p. 65
Securing the Bank's institutional autonomy	p. 67
The battle for sterling	p. 74
European Payments Union	p. 77
Operation Robot	p. 79
The climacteric of 1955	p. 82
The great unmentionable	p. 93
Sterling and City divorce	p. 95
The State, the City and the Euromarkets	p. 99
Locating the historic mechanisms in the Eurodollar market	p. 99
Sir George Bolton: The Bank of England's 'market man'	p. 102
Disassociating the Eurodollar and Eurobond markets	p. 105
Discovering the onshore external market	p. 118
The Bank of England view of the Eurodollar	p. 123
America and the Euromarkets	p. 135
US banks operating in the London Eurodollar market	p. 137
The Federal Reserve and the Continental dollar market	p. 140
The Kennedy administration and the US payments deficit	p. 144
The US and the Eurobond	p. 147
The US Treasury discovers the offshore market in foreign dollars	p. 151
Discussing the Euromarkets with Britain	p. 162
Coming late to the feast	p. 166
Public accountability v. private interest government	p. 170
The Bank of England and public accountability	p. 171
The City and private interest government	p. 178
Musings, questions and conclusions	p. 184
Notes	p. 191
Bibliography	p. 205
Index	p. 221
Table of Contents provided by Ingram. All Rights Reserved.

The Re-Emergence of Global Finance

At a Glance

Hardcover

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

More in Finance

Poor Charlieâs Almanack

The Essential Wit and Wisdom of Charles T. Munger

The Little Book of Common Sense Investing

The Only Way to Guarantee Your Fair Share of Stock Market Returns

She's on the Money

Take Charge of Your Financial Future

The Quick-Start Guide to Investing

Learn How to Invest Simpler, Smarter and Sooner, WINNER of ABBA BOOK OF THE YEAR and PERSONAL FINANCE & INVESTING

Investing with She's on the Money

Build your future wealth: from the creator of the #1 finance podcast

The Intelligent Investor Third Edition

The Trading Game

A Confession

Technofeudalism

What Killed Capitalism

A History of Central Banking and the Enslavement of Mankind

The World for Sale

Money, Power and the Traders Who Barter the Earth's Resources

One Up On Wall Street

How To Use What You Already Know To Make Money In The Market

Stop Making Stupid Investments

7 Rules to Avoid the Hype and Build Real Wealth

The Richest Man in Babylon

Invest Your Way

How to Grow Your Wealth on Your Terms

The Simple Path to Wealth (Revised & Expanded Edition)

Debt

The First 5000 Years

Get Started Investing

It's easier than you think to invest in shares

Accounting to Trial Balance with Student Resource Access 12 Months

Accounting: Basic Reports + Accounting Workbook: To Trial Balance and Basic Reports: Value Pack Bundle

The Five Conversations You Need to Have About Money

Could Be The Best Money Book You Ever Own

The Zen Trader

How Ancient Wisdom Can Help You Master Your Mind...and the Markets

Shareholder Activism in China and Beyond

Legal Foundations, Regulatory Frameworks, and Comparative Perspectives

War, Taxation and Fiscal State-Building

A Study of Income Tax in Modern China

International Investment Arbitration and Inappropriately Obtained Evidence

Routledge Research in International Economic Law

African Sovereign Wealth Funds and New Directions in State Capitalism

Institutions, Investment, and Economic Transformation

This product is categorised by