Eichengreen, Barry - In: The journal of European economic history 51 (2022) 1, pp. 75-111
London's preeminence as a foreign exchange trading center is of recent vintage. Before World War I, there was little … American cotton trade. Hence with the rise of dollar invoicing and settlement, London was well positioned as a venue for dollar … premier currency trading center following the removal of ex- change control in 1979. London's current preeminence is partly a …