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Seminar paper from the year 2004 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1,7 (A-), University of Sussex, language: English, abstract: This paper deals with the question whether the City of London acted as an offshore financial centre since the Second World War. This in turn is linked to the specific role London played in the liberalisation and deregulation of international finance which took place at an increasing pace since the 1970s. Special attention is paid to the rise of the so-called euromarkets and why this development was tolerated by the Bank of England.