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Routledge - The Foreign Exchange Market of London History

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Description

Explore the massive scale of the London foreign exchange market in this Routledge publication. As a major global financial hub, the City of London handles staggering amounts of daily turnover, averaging USD504 billion. This volume represents thirty-one per cent of all global foreign exchange activity, significantly outpacing other major centers like the United States and Japan. This book provides a historical perspective on how London reached this dominant position. While it is now the leader in global activity, the market has undergone significant changes over the last century. One hundred years ago, London held a different status, playing second fiddle to more important financial centers in New York, Paris, and Berlin. This text traces those developments and the evolution of the market since 1900, making it a valuable resource for those studying business and economic history.

Key Features

Detailed historical analysis of the London foreign exchange market from 1900 to the present day.

Provides context on how London became the world leader in global foreign exchange activity.

Compares the UK market share against major financial centers in the US and Japan.

Traces the shift in global financial dominance from Paris, Berlin, and New York to London.

Part of the Routledge Explorations in Economic History series for academic study.

Product Specifications

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

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