Description - Exchange Rate Chaos: 25 Years of Finance and Consumer Democracy by Charles R. Geisst
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.
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