Interview with Paul Erdman
Krogh, Peter F. (Peter Frederic)
Person InterviewedErdman, Paul
Banker and financial author Paul Erdman discusses the American banking industry and the massive amount of foreign capital flowing into the United States.
In this installment of American Interests, host Peter Krogh sits down with banker and author Paul Erdman to discuss the benefits and perils posed by the massive amounts of foreign capital flowing into the United States. Born in Canada to American parents, Erdman graduated from the Georgetown University School of Foreign Service and went on to receive his Ph.D. from the University of Basle in Switzerland. In 1965 Erdman became the first American to open and lead a Swiss bank. In 1970, however, the bank collapsed amid allegations of unauthorized currency speculation, for which Erdman spent eight months in prison. During this time he wrote the first of many books, The Billion Dollar Sure Thing, which marked the birth of the financial fiction genre. Many of his novels would become bestsellers, and Erdman was renowned for his ability to write about complex matters of international finance in terms simple enough for the layperson to understand. In this episode, Erdman discusses the possible effects of foreign capital on the American banking industry and prospects for the American economy.
North America; United States;
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