This work follows up the themes raised in Susan Strange's classic work Casino capitalism, re-issued by Manchester University Press in September 1997. This volume covers the last decade, during which there has been continued instability and volatility, and much innovative development, in global financial markets. The context for this book is the growing divergence of informed opinion on how to interpret the rapid change in international money and finance. The profound disagreements which exist between the optimists and the pessimists illustrate the extent of the problem.Susan Strange gets to the heart of the current debates in official and business circles as well as among academics. Is the recent weakness of the US dollar merely a temporary and reversible phenomenon, or does it betoken a more profound weakness in the economy? Do the necessary political and economic conditions exist for international policy co-ordination between the three pillars of the triad - the US, Germany and Japan? Is the move to independent central banks helpful to long-term stability? And what is the future of European Monetary Union?
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
agreed agreement American argued Arrangement to Borrow Asian assets Bank of England bankers billion borrowing Britain British bubble economy Bundesbank Casino Capitalism cent central bank chapter common competition contagion creditors crisis currency deal debt debtors decisions deficit devaluation developing countries dollar drug economists effect enterprises euro Europe European export factors Federal Reserve financial innovation financial markets financial services firms fixed exchange rates foreign exchange France French funds German global financial system globalisation important industry inflation institutions interest rates international financial system international political investment investors Japan Japanese junk bonds Kindleberger liberalisation loans London market economy Mexican Mexico monetary money laundering political economy politicians postwar problem profits reform regulatory rescue response risks rules securities share prices social Soviet stability stock market strategy strong tax havens Thailand trade transnational United World Bank world economy
All Book Search results »