Abstract
This book looks at the process of the internationalisation of capital markets and its implications for domestic financial policy (monetary policy and banking supervision and regulation). We focus in particular on the Eurocurrency markets,1 which have played a key role in the trend towards internationalisation. The book makes two main contributions. Firstly, it examines the effect of the Euromarkets on the domestic monetary policy of a small country, through a case study of the effect of the abolition of UK capital controls. Secondly, it investigates the impact of the internationalisation of credit markets on the structure of the banking industry and especially the relationship between competition, market failures and stability.
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© 1989 Heather D. Gibson
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Gibson, H.D. (1989). Introduction. In: The Eurocurrency Markets, Domestic Financial Policy and International Instability. St Antony’s Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10797-1_1
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DOI: https://doi.org/10.1007/978-1-349-10797-1_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-10799-5
Online ISBN: 978-1-349-10797-1
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)