The Flight of International Capital : A Contemporary History book cover
1st Edition

The Flight of International Capital
A Contemporary History

ISBN 9781138564701
Published May 29, 2019 by Routledge
478 Pages

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Book Description

Originally published in 1987, The Flight of International Capital provides a fascinating comprehensive analysis of the history of international money movements. Taking 1931 as the turning point between old-style and modern methods of conducting monetary affairs, the book relates currency shifts and investment trends to political events. He deals with five eras in the history of international capital; the unsettled post-crash period 1931-1936; the flight of capital to the US before World War II; the dollar and Swiss Franc’s time as the only ‘hard monies’ till the late fifties; the emergence of the mark-dollar axis before 1971; and finally, the behaviour of floating currencies.

Table of Contents


1. Years of Hegemony for the Paris-New York Rate

2. Capital Flight in the Approach to War

3. Solitary Freedom for the Swiss Franc

4. Towards the Floating Mark-Dollar Axis

5. Early Experience of Floating

6. The Rise and Fall of Refuge Currencies




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