The Eurocurrency Market

  • Francis A. Lees


Probably the most discussed money market of the 1960s and 1970s is the Eurocurrency market. This market is regarded by some as a safe haven for expatriate funds, by others as a much-needed cement for solidifying the international money markets, by others as an international money market in itself, and by still others as a leak in the circuits through which central bankers attempt to enforce their monetary policies.1


Central Bank Commercial Bank Money Market Reserve Requirement Head Office 
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  1. 2.
    Paul Einzig, The Eurodollar System, St. Martins Press, 1967, p. 7.Google Scholar

Copyright information

© Francis A. Lees 1974

Authors and Affiliations

  • Francis A. Lees
    • 1
  1. 1.Business Research InstituteSt John’s UniversityNew YorkUSA

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