The establishment of the Eurodollar market in Paris and the failure of regulation and reform, 1959–1964
Bibliographic Data
| ID | 8419643 |
|---|---|
| Authors | Ioan Achim Balaban (Russian State Agrarian Correspondence University, corresponding author) |
| Year | 2024 |
| Volume | 66 |
| Issue | 7 |
| Pages | 1735-1757 |
| Publication date | 2024-10-02 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076791.2023.2202909 |
| OpenAlex | W4367052039 |
| Language | EN |
| References cited | 15 |
The advent of the Eurodollar market under the international monetary system of Bretton Woods (1944–1971) played a crucial role in the re-emergence of post-war international finance. By drawing on multiple historical archives, this article examines several aspects related to the establishment of the Eurodollar market in France between 1959 and 1964. The article argues that the Paris-based but Soviet owned Banque Commerciale pour l’Europe du Nord pioneered offshore banking in Paris and that some of the leading French banks sought Eurodollar regulations and reform in 1963. The Banque de France rejected regulation as it wished to promote Paris as a centre for offshore banking and because it deemed efforts to promote Eurodollar reform at the Bank of International Settlements unrealistic. The Banque de France was a member of the Eurodollar international governance regime that emerged in the 1960s
Business · Economics · Eurodollar · Financial system · Human settlement · Interest rate · International economics · Monetary economics · Global Financial Crisis and Policies · Global Financial Regulation and Crises · History · State Capitalism and Financial Governance
The Decline of Sterling
States and the Reemergence of Global Finance
The state, banks and financing of investments in France from World War II to the 1970s
Financial globalization as positive integration
Witness Seminar on the Origins and Early Development of the Eurobond Market
The Origins of the Eurodollar Market in London
Central Bank Cooperation at the Bank for International Settlements, 1930–1973
An early form of European champions? Banking clubs between European integration and global banking (1960s–1990s)
| Highly cited | No |
|---|