World's money; International Banking from bretton woods to the brink of insolvency (Record no. 159055)

MARC details
000 -LEADER
fixed length control field 02970nam a2200193Ia 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20220502175250.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 671446827
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.042 MOF
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Moffitt, Michael
245 #0 - TITLE STATEMENT
Title World's money; International Banking from bretton woods to the brink of insolvency
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. New York
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Simon and Schuster
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1983
300 ## - PHYSICAL DESCRIPTION
Extent 284 p.
520 ## - SUMMARY, ETC.
Summary, etc. Global banking is the central nervous system of the world economy. Banking has become a 24-hour finan cial supermarket that is, in the words of Walter Wriston of Citibank, "capable of moving money and ideas to any place on this earth in minutes." The World's Money is about the world's biggest business: money.<br/><br/>Michael Moffitt has interviewed scores of the world's most powerful bankers, political and eco nomic leaders, and foreign currency traders to find out why the vast and intricate banking system is on the verge of collapse. Today the world is poised on the brink of a financial catastrophe unlike any it has witnessed since the Great Depression. This dissolu tion has brought the international banking system to a state of competitive anarchy and unprecedented indebtedness.<br/><br/>In 1944, the Bretton Woods Conference laid the foundation for the postwar economic boom. The United States became the wealthiest nation, Europe and Japan recovered, and the International Monetary Fund and World Bank were created to foster eco nomic stability for the world. There was global economic order. But the giant global banks have become both victims of the world economic crisis and one of its central causes. The global banks that already control the world's money have outgrown national boundaries and have assumed more power than most governments. They have fed inflation, speculated against currencies, including the U.S. dollar, and lent enormous amounts to shaky govern ments like Poland and Mexico and Brazil which can never pay it back. In a desperate move to avoid financial anarchy, the banks and the Federal Reserve Board put the United States on the road to high interest rates and in the process plunged the Amer ican and world economies into the worst recession in decades.<br/><br/>The World's Money is also a book about people. It takes the reader into the heart of the world's financial system from the skyscrapers of Wall Street to the eighteenth-century pubs of London's elite financial district and introduces the men who manage the world's money. Moffitt demystifies the world of high finance and tells the reader how the great global banks affect the interest rate on a mortgage and whether or not one has a job.<br/><br/>Fifty years ago, the world economy was wrecked by massive financial failures. Today leading bankers and politicians are asking: Can it happen again? An idea as grand and inventive as Bretton Woods is needed to safeguard our future.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element International finance
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Donated Books
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library   2020-02-08   332.042 MOF DD15 2020-02-08 2020-02-08 Donated Books

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