The Incredible Eurodollar: Or Why the World's Money System Is Collapsing

ISBN-13: 9781138559806 / Angielski / Twarda / 2017 / 218 str.

W P Hogan;Ivor Frank Pearce

Opis

Originally published in 1984, The Incredible Eurodollar examines the upheaval and crisis in the world’s money system. The book addresses the impact of the vast international debt on the position and volatility of the dollar. The book provides a unique insight into the economics surrounding the Eurodollar, as well as the technicalities of the market. Providing a detailed approach to analysing the Euromarket this volume will be of interest to those working or studying in the fields of business and economics.

Spis treści

Acknowledgements  Preface  1. The Eurodollar Introduced  i) An inevitable Improbability  ii) The Market  iii) What is New?  iv) Inflation and the Eurodollar  v) Exchange Rates and the Eurodollar  vi) The Eurodollar Market and Risk  vii) How much Debt is Tolerable  viii) Who is Liable?  ix) Is the System Understood?  x) The Heart of the Matter  2. Why it all Happened  i) Balance of Trade Identities  ii) The Balance of Payments in the Past  iii) The Balance of Payments in the Mid-Twentieth Century  iv) A Multiple ‘Equilibrium’ Diagram  v) Multiple ‘Equilibrium’ – World Markets Cleared  vi) Multiple Equilibrium and the Market Mechanism – Excess Consumption by Forgery  vii) The Rise and Fall of the International Monetary Fund Reference  3. The Chronicles of the Planet HTRAE  i) Htrae  ii) The Beginnings of the Namyac-Bal Market  iii) The Stock Money in Defcitia  iv) The Astonishing Expansion of the N.B. Market  v) Was the N.B Market Inflammatory  vi) The Role of Balancia in the N.B. Market  vii) Controlling National Money Supplies  viii) The First Great Crisis on Htrae  ix) Aftermath  x) The End of the First Crisis  xi) The Final Collapse  xii) Diagnosis  4. Eurofinancing in Practice  i) The Beginnings  ii) Necessary Distinctions  iii) Market Growth  iv) Market Structures  v) Sources of Finance  5. Market Instability: Risk and Speculation  i) Eurodollar Market Efficiency  ii) Elements of Risk  iii) Experience with Risk  iv) General Features of Risk  v) Exchange Rates  vi) Eurocurrencies and Market Behavior  vii) Dollar-Deutschmark Exchanges  viii) A Final Comment  6. Some Euromarket Folklore  i) An Official View  ii) Domestic Monetary Management  iii) US Reserve Requirements Proposals  iv) A Challenge to National Sovereignty  v) The Euromarket and Lenders of the Last Resort  vi) The European Approach  7. Prognosis and Prescription  i) What of the Future?  ii) Atrophy  iii) Or Dramatic Collapse  iv) Overhang?  v) Special Drawing Rights (SDRs) in Lieu of Overhang?  vi) Repudiation of Debt  vii) Prescription  8. Up-date and Commentary 1983  i) The Story Continuted  ii) Soothing Words  iii) A Statistical Illustion?  iv) Financial Intermediation  v) Rescheduling for ever  i) Supervision and Control  vii) SDRs and ECUs  viii) The Last Word  9. Up-date and Comentary 1984  i) Growth of Debt to 1983  ii) Eurobonds  iii) Conventional Wisdom 1984  iv) Unstable Exchange Rates – A Monetary Phenomenon  v) International Debt Transactions  vi) Debt and the Dollar Exchange Ratio  vii) Only One Message  viii) False Money  ix) A Standard of Value  x) Securing Convertible Money  xi) International Debt with Sound Money  xii) Proper Money and Exchange Rates  xiii) How to Deal with Existing Debt