35-Year Chart of U. S. Dollar Index
1992 - "Black Wednesday";
George Soros bet against British pound, made over $1 billion
profit; called "the man who broke the Bank of England";
Conservative government forced to withdraw pound from currency
fix, European Exchange Rate Mechanism (ERM), unable to keep
Sterling above agreed lower limit when currency markets believed
Paul Einzig (1968).
Leads and Lags: The Main Cause of Devaluation. (New York,
NY: St. Martin's Press, 169 p.). Foreign exchange; Devaluation
--- (1970). The History of Foreign Exchange.
(New York, NY: St. Martin's Press, 362 p. [2nd ed.]). Foreign
Paul E. Erdman (1996).
Tug of War: Today's Global Currency Crisis. (New York,
NY: St. Martin's Press, 173 p.). Foreign exchange; Foreign
Andrew J. Krieger with Edward Claflin (1992).
The Money Bazaar: Inside the Trillion-Dollar World of Currency
Trading. (New York, NY: Times Books, 228 p.). Founding
Partner of KB Currency Advisors, Inc. (formerly of Salomon
Brothers and Bankers Trust). Foreign exchange futures.
Gregory J. Millman (1990).
The Floating Battlefield: Corporate Strategies in the Currency
Wars. (New York, NY: AMACOM, 211 p.). Foreign exchange
administration--Case studies; Risk management--Case studies;
Business enterprises--Finance--Case studies.
The Vandals' Crown: How Rebel Currency Traders Overthrew the
World's Central Banks. (New York, NY: Free Press, 305
p.). International finance; Financial services
industry--Technological innovations; Foreign exchange futures;
Money market; Capital market; Banks and banking, Central;
return to top