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Palgrave Macmillan

The Power of Money

  • Book
  • © 1997

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Authors:
  1. Armand Dormael
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Table of contents (14 chapters)

  1. Front Matter

    Pages i-vii
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  2. The Power of Money

    • Armand Van Dormael
    Pages 1-9

  3. The Morganization of America

    • Armand Van Dormael
    Pages 10-20

  4. Germany Will Pay

    • Armand Van Dormael
    Pages 21-31

  5. Morgan’s Solution

    • Armand Van Dormael
    Pages 32-37

  6. The Crash

    • Armand Van Dormael
    Pages 38-48

  7. The Wasted Years

    • Armand Van Dormael
    Pages 49-59

  8. Bretton Woods Revisited

    • Armand Van Dormael
    Pages 60-70

  9. The Americanization of Europe

    • Armand Van Dormael
    Pages 71-89

  10. The Eurodollar

    • Armand Van Dormael
    Pages 90-100

  11. Europe Unite

    • Armand Van Dormael
    Pages 101-118

  12. The EMU House of Cards

    • Armand Van Dormael
    Pages 119-140

  13. Banking in Wonderland

    • Armand Van Dormael
    Pages 141-151

  14. The Global Money Game

    • Armand Van Dormael
    Pages 152-163

  15. A Sisyphean Labyrinth

    • Armand Van Dormael
    Pages 164-174

  16. Back Matter

    Pages 175-184
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Keywords

About this book

A highly readable account of the collision between sovereign states and global economic forces for the control of money. Throughout the ages money was a prerogative of national sovereignty and currency management was the responsibility of governments. Bretton Woods provided the post-war framework for intergovernmental monetary cooperation until the banking community, using the Eurodollar as an international medium of exchange, forced governments to adopt a regime of floating rates in the 1970s. The book describes the development of the Eurodollar market and the consequences for world finance as a new breed of financiers and currency traders radically changed the nature of international banking.

About the author

ARMAND VAN DORMAEL joined the American company Sears, Roebuck in 1949 and was appointed head of the European buying organization with headquarters in Frankfurt, Germany. He thus acquired over 25 years direct experience of international trade. The monetary crises of the 1970s led him to search for a rational analysis of the structure of international finance. His book Bretton Woods: Birth of a Monetary System became a standard reference, described by The Economist as absorbing ... an intriguing story and by the THES as the best scholarly work on the subject.

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