Abstract
Wider international use of emerging market currencies, in particular the Chinese renminbi, has revived interest in the role of offshore markets (He & McCauley 2010; Maziad et al. 2011; Frankel 2011; BIS 2011). In this special feature, we review the patterns of international flows of funds in the eurodollar market, focusing on the importance of residents and non-residents in offshore activity and the market’s role as a conduit for capital flows.
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© 2013 Dong He and Robert McCauley
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He, D., McCauley, R. (2013). Eurodollar Banking and Currency Internationalization. In: Wong, M.C.S., Chan, W.F.C. (eds) Investing in Asian Offshore Currency Markets. Global Financial Markets. Palgrave Macmillan, London. https://doi.org/10.1057/9781137034649_13
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DOI: https://doi.org/10.1057/9781137034649_13
Publisher Name: Palgrave Macmillan, London
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