IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-03659-2_2.html
   My bibliography  Save this book chapter

Dollar Market Satellites

In: Money Hard and Soft

Author

Listed:
  • Brendan Brown

Abstract

The euro-deposit and currency markets form a solar system. Its sun is the US domestic money market. Planets include the euro-Swiss franc, US dollar and West German mark markets. Around each of these in turn satellites revolve. The euro-French franc market is a satellite of the forward dollar-franc currency market. All are under the common pull of the dollar sun which functions like Apollo’s sun chariot. During its night of rest greater independence is possible for some planets and satellites. Order is restored when the clock strikes a certain hour and New York awakens. Such ‘cinderella’ markets are located in different time zones from the US. Independence is usually impossible for dollar markets which are exposed constantly to the sun’s glare. Independent euro-dollar markets compete East-West across the earth not North-South. The division of business between financial centres from East to West occurs naturally. A longitudinal line was not drawn artificially like Pope Alexander VI’s which divided the world between Spain and Portugal.

Suggested Citation

  • Brendan Brown, 1978. "Dollar Market Satellites," Palgrave Macmillan Books, in: Money Hard and Soft, chapter 2, pages 32-65, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03659-2_2
    DOI: 10.1007/978-1-349-03659-2_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-03659-2_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.