The re-emergence of global finance / by Gary Burn. New York : Palgrave Macmillan, 2006.. Available in the Social Sciences & Humanities Library at HG925 .B87 2006



About this Book 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. The first authoritative study of the origins and early development of the Euromarkets: * A definitive and comprehensive study of the Eurodollar and Euromarket phenomenon and the birth of offshore finance * A study of the City-Bank of England-Treasury nexus and its impact on the British economy in the post war period * A re-examination of the role played by the USA in the re-emergence of global finance * Based on archival evidence and interviews with bankers and politicians who were there

Subject(s): Financial Economics Economic Policy Monetary Policy Euro-dollar market.