The Re-Emergence of Global Finance

The Re-Emergence of Global Finance

Author
Gary Burn (auth.)
Publisher
Palgrave Macmillan UK
Language
English
Year
2006
ISBN
978-1-349-28032-2,978-0-230-50159-1,135-137-140-1
File Type
pdf
File Size
1.1 MiB

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 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.

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