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 |
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