Alternatives to the Dollar

Brendan Brown

Chapter 3 in The Dollar-Mark Axis: On Currency Power, 1979, pp 61-86 from Palgrave Macmillan

Abstract: Abstract Blue and brown used to be combined only rarely in clothing design. Then the one thousand and second tale of the Arabian nights unfolded: one day in late 1973 the total wealth of Arabia was quadrupled. The redistribution of world purchasing power brought new influences to bear on fashion-making. Blue and brown are the colours of the desert. They are a traditional mix in oriental art, notably in Persian rugs. By 1977 the blue-and-brown combination had become popular even in Chicago, where blue and brown umbrellas were the season’s rage!

Keywords: Exchange Rate; Monetary Policy; Central Bank; Political Risk; Swiss Franc (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04245-6_3

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DOI: 10.1007/978-1-349-04245-6_3

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