Abstract
The Euro-currency system performs several economic functions. There is thus no unique framework which can explain its existence and rapid expansion. This chapter examines some of the general analytical reasons for Euro-currency markets, mainly from the side of depositors (Chapters 6 and 7 examine the borrowers and the banks in more detail).
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© 1983 R. B. Johnston
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Johnston, R.B. (1983). A Parallel Market. In: The Economics of the Euro-Market. Palgrave, London. https://doi.org/10.1007/978-1-349-86050-0_4
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DOI: https://doi.org/10.1007/978-1-349-86050-0_4
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-33419-5
Online ISBN: 978-1-349-86050-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)