Radio Luxembourg and the Eurodollar Market are both Offshore Stations

Robert Z. Aliber
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Robert Z. Aliber: University of Chicago

Chapter 7 in The New International Money Game, 2002, pp 124-134 from Palgrave Macmillan

Abstract: Abstract Radio Luxembourg developed as a commercial broadcasting station whose programs were beamed primarily to the hundred million potential listeners in two foreign markets, Britain and France rather than to the several hundred thousand locals. A few years ago, neither country permitted commercial broadcasting; each relied solely on governmentowned stations. Programs within each country reflected what the producers — the bureaucrats of the British Broadcasting Corporation (BBC) and Radiodiffusion Française — felt the public should have. Perhaps these government officials had correctly gauged their public’s wants and needs. Perhaps, but unlikely. If they had, they would not have needed their monopoly power to limit the public’s choice of programs.

Keywords: Interest Rate; Swiss Franc; Reserve Requirement; Offshore Station; Domestic Bank (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50097-6_7

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DOI: 10.1057/9780230500976_7

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