The Eurocurrency Markets, Domestic Financial Policy and International Instability by Heather D. Gibson
The Eurocurrency Markets, Domestic Financial Policy and International Instability
Author: Heather D. Gibson
Title: The Eurocurrency Markets, Domestic Financial Policy and International Instability
ISBN10: 0312028261
ISBN13: 978-0312028268
Format: .PDF .EPUB .FB2
Pages:
Publisher: Palgrave Macmillan (October 1, 1989)
Language: English
Size pdf: 1757 kb
Size epub: 1306 kb
Rating: 3.7 ✪
Votes: 502
Category: Other
Subcategory: Business & Finance
The 1970s witnessed a general dismantling of controls on capital and a growing interdependence between the financial markets of industrial and developing nations. This volume aims to provide explanations and solutions to the major questions raised by these developments, and argues for greater official intervention in the international financial system. The author attempts to determine the role that the Euromarkets have played in creating the interdependence between financial markets by investigating the relationship that exists between American and British monetary conditions, focusing on the removal of exchange controls in the United Kingdom in 1979 and the impact this had on the conduct of monetary policy. The author then looks at the effect of interdependence on the stability of the international monetary system, concentrating on the role of the banks in the international debt crisis.