$1000 Billion A Day
The money markets regularly defy policymakers, politicians and financial experts, yet few people understand how they operate, who manipulates them, how they have acquired such influence, or to whom they are accountable. In this examination of the foreign exchange markets, John Roberts delves into the dealing rooms and behind the trading desks to reveal the personalities, operations and trends of this crazy world where figures on a screen have the power to bring down governments. What is the difference between a Eurodollar and a dollar? How could Allied Lyons lose #100 million dollars of shareholders' money? Why is London the world's biggest forex dealing centre? What does this mean for us - and how long will it last? This book is aimed at the reader who understands the power that currency has over them, and wants to know why.
