The Euro-dollar system :
Einzig, Paul,
The Euro-dollar system : practice and theory of international interest rates / - 5th ed. - [London] : Macmillan , c[1973]. - xx, 224 p. :ill,
Includes index
Bibliography: p. 217-219.
The book outlined most of the far-reaching consequences of the Euro-dollar system at a time when many thought it to be a transitory phenomenon. It shows that the expansion of the Euro-dollar system could have only a trivial impact on the U.S. money supply, while others worried first that it could lead to a sizeable leakage of bank reserves from the United States and later, when U.S. banks became important borrowers of Euro-dollars, that it could lead to an explosive expansion of U.S. bank reserves. It also argued that Regulation Q restrictions on bank
deposits in the United States were not a necessary condition for the expansion of the Euro-dollar system, at a time when many regarded them as a crucial part of the explanation for the growth of the Euro-dollar system.
0333149025
Euro-dollar market.
Interest rates.
Banks and banking, International
Foreign exchange
HG3826 / .E35 1973
332.4'5 / EIN
The Euro-dollar system : practice and theory of international interest rates / - 5th ed. - [London] : Macmillan , c[1973]. - xx, 224 p. :ill,
Includes index
Bibliography: p. 217-219.
The book outlined most of the far-reaching consequences of the Euro-dollar system at a time when many thought it to be a transitory phenomenon. It shows that the expansion of the Euro-dollar system could have only a trivial impact on the U.S. money supply, while others worried first that it could lead to a sizeable leakage of bank reserves from the United States and later, when U.S. banks became important borrowers of Euro-dollars, that it could lead to an explosive expansion of U.S. bank reserves. It also argued that Regulation Q restrictions on bank
deposits in the United States were not a necessary condition for the expansion of the Euro-dollar system, at a time when many regarded them as a crucial part of the explanation for the growth of the Euro-dollar system.
0333149025
Euro-dollar market.
Interest rates.
Banks and banking, International
Foreign exchange
HG3826 / .E35 1973
332.4'5 / EIN