The Re-Emergence of Global Finance - Gary Burn

The Re-Emergence of Global Finance

By: Gary Burn

Hardcover | 4 September 2006 | Edition Number 1

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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

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