Title: Determinants of Market Condtions in the Euro-Currency Market - Why a "Borrowers' Market", April 1980 Author: Kengo Inoue Subject: BIS Working P...
9-1 CHAPTER 9 THE EUROCURRENCY MARKET Chapter Overview This chapter examines the principles underlying the formation of the Eurocurrency market and
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Meaning of Eurocurrency: Currency deposited by national governments or corporations in banks outside their home market. This applies to any currency and to
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1 1. INTRODUCTION Financial markets play an important role in the mobilization of financial resources for long term investment through financial intermediation
