Posts Tagged ‘Eurodollar market.’

The main stages in the development of global financial market.

30-s XX century The world financial crisis. Is the destruction of trade and economic ties. Thing of the past times, the rule of gold coin standard. By the mid 30's London becomes the world's financial center. British pound sterling at that time was the main currency for trade transactions and the establishment of foreign exchange reserves. Even then pound jargon called "Cable" ( "cable"). This name is connected with the fact that the means of communication with the transactions was the telegraph and the information transmitted by cable . In 1930, the Swiss city of Basel was established Bank for International Settlements. The goal was financial support for young independent states and nations, is experiencing balance of payments deficit. 1944 In the United States was

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