Exchange Rate Chaos : 25 Years of Finance and Consumer Democracy

ISBN-13: 9780415109819 / Angielski / Twarda / 1995 / 184 str.

Charles R. Geisst

Opis

The Bretton Woods system ensured a quarter of a century of relative stability on the world's financial markets. The quarter of a century which has followed, has brought financial chaos and excessive financial volatility. This work describes and compares US and British financial history during this period. It highlights: similarities in financial developments between the two countries; consumer democracy - have the wishes of consumers dominated exchange rate policy?; the decline of the small investor and the hegemony of financial institutions; and how the floating exchange rates are manipulated to government advantage. It explores how financial developments have shaped contemporary society and politics.

Spis treści

INTRODUCTION 1 THE SYSTEM DISSOLVES 2 EMERGING CRISES 39 3 RESPONDING TO INFLATION 4 RISING INSTITUTIONALISM 5 BANKING REFORMS ON BOTH SIDES 6 BIG BANG AND BEYOND 7 BANKING REFORM AGAIN, CONCLUSION

O autorze

Geisst, Charles R.