Banking on the World

Library Journal

The interdependence of world financial markets today is extensive, yet the markets and global banking practices are a mystery to the uninitiated. Frieden explains the origins of today's international financial system and clarifies the issues global banking raises for the U.S. economy and others. He treats in readable prose topics such as offshore banks and Eurocurrencies and stresses that it is important for decision makers to understand these areas, so they can better prepare for fluctuations and work to solve problems. Recommended for academic and large public libraries. M. Balachandran. Univ. of Illinois Lib., Urbana-Champaign