The Euro-dollar system :
Einzig, Paul,
The Euro-dollar system : practice and theory of international interest rates / - 4th ed. - London: Macmillan, c1970. - xviii, 208 p.
Includes index
Bibliography: p. 204-205.
The book examines the early stages of the development of the Euro-dollar system. He outlined most of the far-reaching consequences of the Euro-dollar system at a time when many thought it to be a transitory phenomenon. He showed 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. He 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.
0333053354 333127935 (hbk)
Foreign exchange.
Banks and banking, International.
Euro-dollar market.
Interest rates
HG3826 / .E35 1970
332.4'5 / EIN
The Euro-dollar system : practice and theory of international interest rates / - 4th ed. - London: Macmillan, c1970. - xviii, 208 p.
Includes index
Bibliography: p. 204-205.
The book examines the early stages of the development of the Euro-dollar system. He outlined most of the far-reaching consequences of the Euro-dollar system at a time when many thought it to be a transitory phenomenon. He showed 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. He 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.
0333053354 333127935 (hbk)
Foreign exchange.
Banks and banking, International.
Euro-dollar market.
Interest rates
HG3826 / .E35 1970
332.4'5 / EIN