000			01669cam a2200301 4500
008			700928t1970 enka erbs 001 0 eng
020			_a0333053354
020			_a333127935 (hbk)
040			_aDLC _cDLC
050	0	0	_aHG3826 _b.E35 1970
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			_a4th ed.
260			_aLondon: _bMacmillan, _cc1970.
300			_axviii, 208 p.
500			_aIncludes index
504			_aBibliography: p. 204-205.
520			_aThe 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.
590			_ausc 7/6/18
591			_aLoans
650		0	_aForeign exchange.
650		0	_aBanks and banking, International.
650		0	_aEuro-dollar market.
650		0	_aInterest rates
942			_2ddc _cBOOK
949			_a332.4'5 EIN
999			_c8880 _d8880