000			01576cam a2200289 4500
008			730918t1973 enkaa erbs 001 0 eng
020			_a0333149025
040			_aDLC _cDLC
050	0	0	_aHG3826 _b.E35 1973
082	0	0	_a332.4'5 _bEIN
100	1		_aEinzig, Paul,
245	1	4	_aThe Euro-dollar system : _bpractice and theory of international interest rates /
250			_a5th ed.
260			_a[London] : _bMacmillan , _cc[1973].
300			_axx, 224 p. :ill,
500			_aIncludes index
504			_aBibliography: p. 217-219.
520			_aThe 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.
590			_ausc 16/05/18
591			_aLoans
650		0	_aEuro-dollar market.
650		0	_aInterest rates.
650		0	_aBanks and banking, International
650		0	_aForeign exchange
942			_2ddc _cBOOK
949			_a332.4'5 EIN
999			_c8598 _d8598