MARC Record from harvard_bibliographic_metadata

LEADER: 02703cam a2200337uu 4500
001 000503501-5
005 20020606090541.3
008 851106s1986 nyu b 00110 eng
010 $a 85028455
020 $a0394542991 :$c$18.95
035 1 $aMAHL86B7187
035 0 $aocm12944349
040 $aDLC$cDLC
043 $an-us---
050 00 $aHC59$b.W23 1986
100 1 $aWachtel, Howard M.
245 14 $aThe money mandarins :$bthe making of a new supranational economic order /$cHoward M. Wachtel.
250 $a1st ed.
260 0 $aNew York :$bPantheon Books,$cc1986.
300 $axvi, 254 p. ;$c25 cm.
500 $aIncludes index.
504 $aBibliography: p. [227]-245.
520 $aThis book explores the development of the new "supranational" economy, and how it contributed to the conservative advance and the liberal retreat in economic policy during the 1980s. Howard Wachtel shows how the international economic system worked from 1946 to 1971, and why it collapsed. Each of the key actors in the global drama--banks and corporations, the IMF and the World Bank, central banks and the Federal Reserve Board--is skillfully portrayed. Wachtel provides a concise account of the often arcane and confusing world of foreign exchange rates, the value of gold, Eurodollars, and petrodollars, and the role of the dollar as the international currency. He examines the hidden meanings of the great gold wars of the 1960s and 1970s, and why Vietnam so weakened the dollar only to have OPEC's rise restore its central role. He then reveals the links, in the 1980s, between the oil crisis, Third World debt, the fragile banking system, and merger mania. With a rare gift for making complex issues intellectually accessible, Wachtel lets us understand how in the world economy a private supranationalism, energized by the technological revolution in information and communications, has overwhelmed public institutions and found its ideological home in the "free-market monetarism" lauded today. And in carefully showing how the emerging supranationalism led to the conservative revival and an attack on liberalism and the welfare state, Wachtel suggests why their convergence is fueling the risk of economic collapse, as governments are unable to restore monetary stability in an increasingly unmanageable world economy.
650 0 $aDollar, American.
650 0 $aInternational finance.
650 0 $aEconomic history$y1945-
650 0 $aMonetary policy$zUnited States.
650 0 $aForeign exchange$zUnited States.
776 08 $iOnline version:$aWachtel, Howard M.$tMoney mandarins.$b1st ed.$dNew York : Pantheon Books, ©1986$w(OCoLC)568936333
988 $a20020608
906 $0DLC