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The financial services revolution has become a part of modern economics. Intense competition and struggles for advantage in world markets are the signs of revolutionary change. Michael Moran's book breaks new ground by examining the politics of that revolution. Moran compares the struggles between private interests and public agencies in three great world financial centres - New York, London and Tokyo. He shows how revolutionary change has depended on state intervention, and how the outcomes of revolution have been shaped by different state structures. The book will be required reading for any observer of financial markets and for those concerned with the state's role as a manager of economic change.