HITESH PATEL - Articles

 (140)

Hitesh Patel is a Civil Servant and a Management of Risk Practitioner. Fellow of the Institute of Management Specialists and Fellow of the Professional Business & Technical Management. Holder of several degrees: a MBA (from the University of Keele), postgraduate degrees in International Relations and International Political Economy (Cantab.), and other degrees in Business and Management

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55

UK Tax Policy and the Euro-dollar Market
The UK Government encouraged public inductries to borrow in the Euro-dollar Market in the 1960s. The view of the UK Treasury and the Inland Revenue was that, the way was now open for the nationalised industries and the local authorities to borrow in this way, if the UK wanted this to happen, and that the Boards and authorities concerned were prepared to go ahead Read
By: HITESH PATEL | 01/10/2007 | Economics
Popularity
86

The History of the Eurodollar Market in the 1960s
This article offers a chronological account of the history of the Euro-dollar Market in the UK. The Euro-dollar market* was in fact, and is indeed today, an international wholesale market in money, involving Euro-sterling, the "Euro" and other national currencies. Read
By: HITESH PATEL | 01/10/2007 | Economics
Popularity
55

Importance of the Euro-dollar Market to Sterling
Throughout the 1960s, the management of sterling had been a central preoccupation of British governments. This largely determined the way Britain viewed the Euro-dollar market, as the government was constantly hit by the pressures which the international use of sterling placed on the British economy. The principal objective of British governments was to prevent a financial crisis by whatever means possible, in which the management of sterling was to be at the heart of governing Britain. Read
By: HITESH PATEL | 01/10/2007 | Economics
Popularity
53

British Economic Policy of the 1960s and the Euro
On the 11th May 1965, the Chancellor of the Exchequer announced that local and central Government spending was to decrease in order to restore the balance of payments to equilibrium, and to enable the nation to live within its income. It soon became apparent that borrowing abroad by local authorities and the nationalised industries and the interest shown by the LCC’s (London County Council) proposal to raise a loan in Euro-dollars, was a way to relieve the Chancellor of its financing problem. Read
By: HITESH PATEL | 01/10/2007 | Economics
Popularity
139

The State and Market – “a Theoretical Perspective”
This paper will assess the nation-state and the concept of economic policy making in a globalised economy by using three theories, Liberalism, Marxism, and the Theory of Hegemonic Stability, which will analyse the nature of the state and market. The 1960s marked an evolution of change in world politics where the concept of “global diplomacy” had become increasingly relevant. The Euro-dollar system was the answer to many problems, and will be mentioned throughout this paper. Read
By: HITESH PATEL | 01/10/2007 | Politics
Popularity
116

The Third World Debt Crisis - “the Fault of the Developing Countries or “irresponsible Lending” by the Western Financial Banking Institution?”
This paper will explain the “origins” of the debt crisis problem and re-assess in detail the causes of the debt problem, and question whether the Third World Debt Crisis was a crisis of debt (i.e. the fault of the developing countries) or of credit (i.e. irresponsible lending by banks). Read
By: HITESH PATEL | 24/09/2007 | Politics
Popularity
278

The Contribution of the Euro-dollar Market to the Modern Financial World
The Euro-dollar market* had caused many changes to the modern financial world in which, the open competitive effect of the international money market caused the liberalization by almost all industrialized countries of domestic money and banking markets. The market acted as a fully international mechanism for attracting deposits and offering loans, over a broad range of maturities and at highly competitive rates. Read
By: HITESH PATEL | 26/06/2007 | Economics