As has happened so often in the history of international banking, a massive and sustained growth in overseas trade and investment has brought forth a new generation of international financial institutions during the past fifteen years. The period since the end of World War II has witnessed an unprecedented internationalisation of the world’s economies in the context of an equally remarkable rate of overall economic growth. What has particularly marked this post-war period of international banking growth has been the evolution of a network of sophisticated markets in foreign currency loans and deposits with an ease of access that has permitted the emergence of new banking institutions which otherwise might not have seen the light of day.
KeywordsForeign Currency Interbank Market International Financial Centre Foreign Currency Deposit London Market
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