The Incredible Eurodollar: Or Why the World's Money System is Collapsing, 1st Edition (Paperback) book cover

The Incredible Eurodollar

Or Why the World's Money System is Collapsing, 1st Edition

By W P Hogan, Ivor Frank Pearce

Routledge

198 pages

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Description

This book addresses the impact of the vast international debt on the position and volatility of the Eurodollar and provides a unique insight into the economics surrounding the Eurodollar. It is intended for those working or studying in the fields of business and economics.

Table of Contents

Acknowledgements

Preface

1. The Eurodollar Introduced

i) An inevitable Improbability

ii) The Market

iii) What is New?

iv) Inflation and the Eurodollar

v) Exchange Rates and the Eurodollar

vi) The Eurodollar Market and Risk

vii) How much Debt is Tolerable

viii) Who is Liable?

ix) Is the System Understood?

x) The Heart of the Matter

2. Why it all Happened

i) Balance of Trade Identities

ii) The Balance of Payments in the Past

iii) The Balance of Payments in the Mid-Twentieth Century

iv) A Multiple ‘Equilibrium’ Diagram

v) Multiple ‘Equilibrium’ – World Markets Cleared

vi) Multiple Equilibrium and the Market Mechanism – Excess Consumption by Forgery

vii) The Rise and Fall of the International Monetary Fund Reference

3. The Chronicles of the Planet HTRAE

i) Htrae

ii) The Beginnings of the Namyac-Bal Market

iii) The Stock Money in Defcitia

iv) The Astonishing Expansion of the N.B. Market

v) Was the N.B Market Inflammatory

vi) The Role of Balancia in the N.B. Market

vii) Controlling National Money Supplies

viii) The First Great Crisis on Htrae

ix) Aftermath

x) The End of the First Crisis

xi) The Final Collapse

xii) Diagnosis

4. Eurofinancing in Practice

i) The Beginnings

ii) Necessary Distinctions

iii) Market Growth

iv) Market Structures

v) Sources of Finance

5. Market Instability: Risk and Speculation

i) Eurodollar Market Efficiency

ii) Elements of Risk

iii) Experience with Risk

iv) General Features of Risk

v) Exchange Rates

vi) Eurocurrencies and Market Behavior

vii) Dollar-Deutschmark Exchanges

viii) A Final Comment

6. Some Euromarket Folklore

i) An Official View

ii) Domestic Monetary Management

iii) US Reserve Requirements Proposals

iv) A Challenge to National Sovereignty

v) The Euromarket and Lenders of the Last Resort

vi) The European Approach

7. Prognosis and Prescription

i) What of the Future?

ii) Atrophy

iii) Or Dramatic Collapse

iv) Overhang?

v) Special Drawing Rights (SDRs) in Lieu of Overhang?

vi) Repudiation of Debt

vii) Prescription

8. Up-date and Commentary 1983

i) The Story Continuted

ii) Soothing Words

iii) A Statistical Illustion?

iv) Financial Intermediation

v) Rescheduling for ever

vi) Supervision and Control

vii) SDRs and ECUs

viii) The Last Word

9. Up-date and Comentary 1984

i) Growth of Debt to 1983

ii) Eurobonds

iii) Conventional Wisdom 1984

iv) Unstable Exchange Rates – A Monetary Phenomenon

v) International Debt Transactions

vi) Debt and the Dollar Exchange Ratio

vii) Only One Message

viii) False Money

ix) A Standard of Value

x) Securing Convertible Money

xi) International Debt with Sound Money

xii) Proper Money and Exchange Rates

xiii) How to Deal with Existing Debt

About the Series

Routledge Library Editions: Financial Markets

The volumes in this set, originally published between 1970 and 1996, draw together research by leading academics in the area of economic and financial markets, and provide a rigorous examination of related key issues. The volumes examine the stock exchange, capital cities as financial centres, international capital, the financial system, bond duration, security market indices and artificial intelligence applications on Wall Street, whilst also exploring the general principles and practices of financial markets in various countries. This set will be of particular interest to students of economics and finance respectively.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS027000
BUSINESS & ECONOMICS / Finance
BUS069000
BUSINESS & ECONOMICS / Economics / General