Benefits and Costs for the United States

  • Francis A. Lees


The United States became a world banker in the twentieth century, and has retained this distinction because of the many international financial and banking functions it performs for itself as well as for the rest of the world. We have already examined these functions in various connections. However, it would be well to review them with the objective of establishing a basis for appraising the balance between the benefits derived and costs incurred by the United States in discharging its role as world banker.


Foreign Investment Venture Capital Multinational Corporation Domestic Investment World Banker 
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  1. 3.
    Robert Z. Aliber, The Future of the Dollar as an International Currency, Praeger, 1966, p. 48.Google Scholar
  2. 4.
    Harry N. Goldstein, ‘Does it Necessarily Cost Anything to be the World Banker?’, National Banking Review, June 1965, p. 411.Google Scholar

Copyright information

© Francis A. Lees 1974

Authors and Affiliations

  • Francis A. Lees
    • 1
  1. 1.Business Research InstituteSt John’s UniversityNew YorkUSA

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