Why read Bonds Without Borders?

Book cover of Bonds Without Borders: A History of the Eurobond Market

Book description

Bonds without Borders tells the extraordinary story of how the market developed into the principal source of international finance for sovereign states, supranational agencies, financial institutions and companies around the world. Written by Chris O'Malley a veteran practitioner and Eurobond market expert- this important resource describes the developments, the evolving…

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Why read it?

1 author picked Bonds Without Borders as one of their favorite books. Why do they recommend it?

Perry Mehrling

Author

When Nixon took the dollar off gold in 1971, Kindleberger thought it was the end of the dollar system, and maybe even the beginning of a new depression, in parallel with the 1931 collapse of the sterling system.

He was wrong about that, and the reason was the resilience of the global banking system, which basically refused to abandon the dollar even though the dollar had abandoned it!

This book tells the story of the rise of the Eurobond market, the capital market counterpart to the offshore Eurodollar market, which grew up organically in the 1970s and after.

One of…

From Perry's list on The best books about the forces making the global money system.