Use of the three keys, second example-Eurodollars and Eurodollar banks

Jacques Riboud

Chapter 8 in The Mechanics of Money, 1980, pp 88-99 from Palgrave Macmillan

Abstract: Abstract It is a commonly held opinion, especially in France,1 that when a bank operates in the Euromarket in currencies other than its own national money, it retains the same power of creation of new money as it has in its own national banking system. This is one of those mistaken beliefs that illustrate very well the uncertainty of present-day knowledge with regard to monetary mechanisms.

Keywords: Central Bank; Money Supply; Monetary Authority; Saving Bank; Monetary Aggregate (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-05112-0_9

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