The Power of Money

By Armand Van Dormael

Book Overview

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.

• Format: Hardcover
• Language: English
• ISBN: 0333677773
• ISBN13: 9780333677773
• Release Date: January 1997
• Publisher: Palgrave MacMillan
• Length: 184 Pages
• Weight: 0.88 lbs.
• Dimensions: 0.6" x 5.5" x 8.5"