TY  - BOOK
AU  - Einzig,Paul
TI  - The Euro-dollar system: practice and theory of international interest rates 
SN  - 0333149025
AV  - HG3826 .E35 1973
U1  - 332.4'5 
PY  - 1973///]
CY  - [London]
PB  - Macmillan
KW  - Euro-dollar market
KW  - Interest rates
KW  - Banks and banking, International
KW  - Foreign exchange
N1  - Includes index; Bibliography: p. 217-219
N2  - 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
ER  -