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The economics of the Euro-market : history, theory, and policy by R. B. Johnston (auth.) is a nonfiction available to read on EtoBox.

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## Preface This book is intended as a systematic treatment of the economics of the Euro-market. Its aim is to get to grips with the theory of this market and the policy implications. Several themes are developed: the evolutionary nature of the Euro-currency system, the integrated and competing relationship between Euro-and domestic money markets, and the need to look at the market in a segmented fashion to understand its overall significance. The reasons for Euro-market growth, the determination of Euro-currency interest rates and lending spreads and the market's macroeconomic implications are subjects examined in detail. The Euro-market is emphasised because of its role as a centre of international banking flows and because, in recent years, it has been the subject of international policy discussions. The importance of other international banking flows and their relationships with the Euro-market are also investigated. As weH as examining the theory, an attempt has been made to seek out evidence to test and illustrate the workings of the Euromarket. Emphasis is laid on practical aspects of the market's development and on an examination of relevant statistics. An amount of new rese

Who reads The economics of the Euro-market : history, theory, and policy?

Author

R. B. Johnston (auth.)

Publisher

Macmillan Education UK

Published

1983

Language

EN

ISBN

9780333334195

Category

nonfiction

Subjects

Economics, Finance, Business