UK’S GOVERNMENT’S ECONOMIC POLICY OF THE 1960s AND THE EURO-DOLLAR MARKET * A. Introduction On the 11th May 1965, the Chancellor of the Exchequer announced that local and central Government spending was to decrease in order to restore the balance of payments to equilibrium, and to enable the nation to live within its … Read more
The Euro-dollar market* had caused many changes to the modern financial world in which, the open competitive effect of the international money market caused the liberalization by almost all industrialized countries of domestic money and banking markets. The market acted as a fully international mechanism for attracting deposits and offering loans, over a broad range … Read more
THE HISTORY OF THE EURODOLLAR MARKET IN THE 1960s (A CHRONOLOGICAL ACCOUNT) Introduction The Euro-dollar market* was in fact, and is indeed today, an international wholesale market in money, involving Euro-sterling and other national currencies such as Swiss franc and to a lesser degree the other major European currencies. This paper will briefly … Read more
UK TAX POLICY AND THE EURO-DOLLAR MARKET * A. Introduction The view of the UK Treasury and the Inland Revenue was that, the way was now open for the nationalised industries and the local authorities to borrow in this way, if the UK wanted this to happen, and that the Boards and authorities … Read more