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HUTCHISON, ROBERT A. Off the Books
New York William Morrow & Co. 1986 0688048811 / 9780688048815 First Edition Hard Cover Very Good in Very Good dust jacket
416 pages, cloth, dj, very good. 1st edition. From the dj: Off the Books is the inside story of the world's biggest money game. Based on interviews with the players, and documents compiled under the Freedom of Information Act, it is an explosive account of the brokers who control the security of the dollar. The biggest player in this high-stakes, speculative operation is New York's Citibank. It has become the largest dealer in Eurocurrency deposits. It is the world's largest private lender. It is also the world's largest foreign exchange dealer. Off the Books shows how, in this new age of electronic banking, money can be placed anywhere within seconds. Dollars, francs, marks, pounds, and yen cross international time zones free of regulations. The regulators cannot reach beyond their own frontiers to control their own currency. Off the Books takes the reader behind the scenes of this money game. Its existence might never have been disclosed publicly except for the persistence of a junior trader in Paris by the name of David Edwards, who mistakenly accused the chief trader there of enriching himself at Citibank's expense. Unable to prove his case, Edwards would later uncover evidence that Citibank encouraged its chief traders in Europe to 'cook the books' in order to avoid local taxes and exchange controls.
Price:
20.00 USD
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HUTCHISON, ROBERT A. on Agorabooks.net
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