ABSTRACT
This volume is an extremely readable guide to the world of international finance by two former City Editors of The Times. It is designed for people who want to understand something of the world’s financial affairs and learn how to follow jargon on the City pages of newspapers or money programmes on radio and television. Starting with the basic facts, the authors gently guide you through the world’s money maze – so that by the time you have reached the last chapter you should be able to understand the newspaper extracts printed at the end of the book.
The World’s Money aims to answer some of the many questions of the times in which it was published: Why had there been so many monetary crises? How were they caused? What is the role of gold in international finance? How do exchange rates, the IMF, the World Bank, the eurodollar market work? What is the new World Money? How was the pound devalued? Can 1929 recur?
The material is equally suitable for students, sixth-formers, economists and the armchair reader. Contemporary events are used as examples and illustrations, the history and the future of money discussed, so that the book is at once topical for its times and of lasting value.
TABLE OF CONTENTS
part |90 pages
How The World's Money Works
chapter |8 pages
The Uses of World Money
chapter |8 pages
How are Payments Made?
chapter |8 pages
Why Payments are Made
chapter |10 pages
Which Currencies are Stronger?
chapter |11 pages
Why Exchange Rates Vary
chapter |11 pages
The Art of Avoiding Crises
chapter |12 pages
Why is Gold Used?
chapter |12 pages
The Gold Markets
chapter |8 pages
Who are the Gnomes?
part |40 pages
How it has Worked
chapter |7 pages
The Days of the Gold Standard
chapter |8 pages
1929
chapter |9 pages
The Birth of Currency Blocs
chapter |14 pages
Bretton Woods and After
part |22 pages
How it Will Work
chapter |12 pages
Will 1929 Recur?
chapter |8 pages
Can Gold be Replaced?
part |46 pages
How Everything Works