The Re-emergence of global finance
- ISBN: 9780230001985
- Editorial: Palgrave MacMillan
- Fecha de la edición: 2006
- Lugar de la edición: Basingstoke. Reino Unido
- Encuadernación: Cartoné
- Medidas: 23 cm
- Nº Pág.: 231
- Idiomas: Inglés
Papel: Cartoné
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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.
