Exchange Rate Chaos

<p>The Bretton Woods system ensured a quarter of a century of relative stability on the world's financial markets. The quarter of a century which has followed has brought financial chaos and excessive financial volatility. <em>Exchange Rate Chaos: 25 Years of Financial and Consumer Democracy</em> describes and compares US and British financial history during this period.<br><br> It highlights:<br> * similarites in financial developments between the two countries<br> * consumer democracy: Have the wishes of consumers dominated exchange rate policy?<br> * The decline of the small investor and the hegemony of financial institutions<br> * How the floating exchange rates are manipulated to government advantage<br><br> One of the few financial histories to deal with the postwar period this book shows how financial developments have shaped contemporary society and politics.</p>