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Routledge Foreign Exchange Market of London - Economic History Since 1900

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Description

Discover how London became the world's dominant foreign exchange centre through this comprehensive historical analysis from Routledge's Explorations in Economic History series. The book traces the remarkable transformation of the London forex market from its secondary position a century ago, when New York, Paris and Berlin held greater influence, to its current status as the undisputed global leader. Today, the City of London commands an extraordinary 31 per cent of all global foreign exchange activity, with daily turnover averaging USD504 billion-far exceeding the United States at 16 per cent and Japan at 9 per cent. This scholarly work examines the economic forces, institutional developments and market dynamics that elevated London to its pre-eminent position in international finance. Essential reading for economists, financial historians, students and professionals seeking to understand how London established and maintains its role as the world's primary foreign exchange trading hub.

Key Features

Routledge Explorations in Economic History series volume 27 provides academic depth on London's forex market development and global financial dominance.

Traces London foreign exchange market growth from secondary status a century ago to commanding 31 per cent of today's global forex activity.

Documents the historical shift in forex supremacy away from New York, Paris and Berlin towards the City of London's current market leadership.

Explores how London achieved daily turnover of USD504 billion, exceeding all other financial centres combined in foreign exchange trading volume.

Offers essential historical context for understanding modern finance, currency markets and the City of London's continued international economic influence.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
14 October 2004
Listed Since
09 February 2007

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