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.

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 |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 |8 pages

1929

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