Euro dollar

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As Euro dollars are on US dollar -denominated bank deposits with a term up to six months referred to in banks outside the United States are. These deposits are outside of the control and reserve policy of the Federal Reserve Bank (Fed) , which allows higher interest rates to be paid to depositors.

The euro-dollar market is part of the euro money market , together with the euro credit market and the euro capital markets the euro market forms. The euro market must not be confused with the common European currency, the euro .

The emergence of the euro dollar market in the 1950s can be traced back to the growing trade deficit in the USA and the Marshall Plan , as a result of which assets in US dollars outside the USA rose continuously. Consequently, Eurodollar deposits are counted as part of the M3 money supply .

Individual evidence

  1. ↑ Eurodollar: Market without a network . In: Der Spiegel . No. 44 , 1969, pp. 152-157 ( online ).
  2. ^ Wolfgang Poppitz, Stephan Schöning: Euromarkets . In: Gabler Wirtschaftslexikon , February 19, 2018.
  3. ↑ Introduction to Trading Eurodollar Futures - TalkingOfMoney.com - Finance and Investment Magazine . In: TalkingOfMoney.com - finance and investment magazine . ( talkingofmoney.com [accessed September 15, 2018]).
  4. ↑ kanopiadmin: Death of M3: The Fifth Anniversary | Jire Sekar . In: Mises Institute . November 22, 2010 ( mises.org [accessed September 15, 2018]).