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Euro-Currencies and International Banking

W. Blackman
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W. Blackman: The University of Calgary

Chapter 7 in Swiss Banking in an International Context, 1989, pp 152-173 from Palgrave Macmillan

Abstract: Abstract Euro-currencies, which had their origins during the 1950s, began to assume grandiose proportions by the mid-1970s. By the latter years of the 1960s numbers in the order of 300–500 billions of US dollars were the estimates of totals by various prestigious agencies, including the Morgan Guaranty Trust and the Bank for International Settlements. By that time the exchange rates of the world’s major currencies had been brought down, to force an end to the Bretton Woods system of fixed exchange rates.

Keywords: Exchange Rate; Interest Rate; Banking System; Money Supply; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10656-1_7

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DOI: 10.1007/978-1-349-10656-1_7

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