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The Euromarkets And The New Zealand Government In The 1960s

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  • John Singleton

Abstract

The rapid development of the Euromarkets and the more gradual opening of the West German and other capital markets to external borrowers were significant events in the reglobalisation of financial markets beginning in the 1960s. Finding it increasingly difficult to borrow in the domestic British and US capital markets, the New Zealand government sought to take advantage of the Euromarkets. As well as providing an antipodean perspective on the early Euromarkets, this paper comments on developments in the City of London in the 1960s, and outlines the process by which a relatively inexperienced borrower set about building a communicating infrastructure that enabled relationships to be forged with overseas financial institutions.

Suggested Citation

  • John Singleton, 2009. "The Euromarkets And The New Zealand Government In The 1960s," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 49(3), pages 252-275, November.
    • Handle: RePEc:bla:ozechr:v:49:y:2009:i:3:p:252-275
    DOI: 10.1111/j.1467-8446.2009.00265.x
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    References listed on IDEAS

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    1. Cassis,Youssef, 2006. "Capitals of Capital," Cambridge Books, Cambridge University Press, number 9780521845359, October.
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    6. repec:bla:ecorec:v:48:y:1972:i:121:p:92-102 is not listed on IDEAS
    7. Singleton, John, 1998. "Anglo-New Zealand financial relations, 1945–611," Financial History Review, Cambridge University Press, vol. 5(2), pages 139-157, October.
    8. Catherine Schenk & John Singleton, 2007. "New Zealand’s Exchange Rate Regime, the Collapse of Bretton Woods,and the Twilight of the Sterling Area," WEF Working Papers 0030, ESRC World Economy and Finance Research Programme, Birkbeck, University of London.
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    Cited by:

    1. David James Gill, 2015. "Rating the UK: the British government's sovereign credit ratings, 1976–8," Economic History Review, Economic History Society, vol. 68(3), pages 1016-1037, August.
    2. John Singleton & Catherine R. Schenk, 2015. "The shift from sterling to the dollar, 1965–76: evidence from Australia and New Zealand," Economic History Review, Economic History Society, vol. 68(4), pages 1154-1176, November.

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