Word: eurodollars
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Bloated Demand. But once bitten by the growth bug, many banks threw off the old restraints. They now compete vigorously for loan customers and meet the pumped-up demands for loans with money they themselves borrow-from each other, the public and the largely unregulated Eurodollar market. Such go-go lending policies, Mayer believes, bloated business and consumer demand and contributed in no small way to the present inflation rate. Banks also damage the economy, says the author, by going to capital markets to borrow a large proportion of the money they lend. The practice weakens the Federal Reserve Board...
...Some Iranian economists fear that if oil prices fall, Iran will be short of cash to meet its commitments. Still, the Shah keeps shoveling out the money. Last week Iran agreed to loan $ 1.2 billion to Britain. By arranging a direct nation-to-nation loan and bypassing the commercial Eurodollar market where they had previously raised cash, the British indicated that they no longer consider banks capable of recycling the huge sums of petrodollars involved. If so, the only alternative would be for governments themselves to take over the job, probably through the kinds of deals that Bill Simon believes...
...enough to be a good hedge against skyrocketing inflation, and real estate holdings could be seized by Western governments. Instead, the Arabs have been putting most of their money into the shortest-term investments possible: U.S. Treasury bills, New York and London bank certificates of deposit, and Eurodollar bank accounts-many of them "call" accounts from which the money may be withdrawn instantly without advance notice. That is a form of recycling that does little good; banks are understandably reluctant to make long-term loans out of money that may be swiftly snatched away. Indeed, the Arab strategy carries...
...immediate peril is that a big rush from dollars into stronger currencies or gold could easily set off still another monetary crisis, one which would make Europe's brief speculative spree last May seem mild by comparison. Already there are enough dollars circulating in the Eurodollar market to empty out Fort Knox several times over. The deeper danger is that European governments will clamp stern controls on the international exchange of money-particularly on the inflow of dollars-and that the U.S. will put equally rigid controls on the import of goods. In Washington, there is much discussion...
...Asian dollar market is still too small to have caused U.S. officials headaches comparable to those created by the Eurodollar market. The latter has both drawn funds from and supplied money to the U.S. at times when Washington monetary authorities have found it highly inconvenient. In the U.S. there is some suspicion that many...