Access over 20 million homework & study documents

fertilizer explosion

Content type
User Generated
Type
Study Guide
Rating
Showing Page:
1/31
OBJECTEVES
i) To know the origin of Euro-Dollar Market.
ii) To know the narrow and broad meaning of the term Euro-Dollar
Market
iii) To know the benefits of the Euro-Dollar Market
iv) To know the effect of Euro-Dollar Market
v) To know the short coming of the Euro-Dollar Market.
vi) To understand the concept of Currency areas
vii) To study the relation between common areas and common
currencies
viii) To study the role of European Union in International Financial
Integration

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/31
INTRODUCTION
The growth of Euro-Dollar Market is one of the significant
developments in the international monetary scenario after Second World
War. It has caused a profound influence upon the money and capital
markets of the world such that the Euro-Dollar Market has become a
permanent integral part of the international monetary system.
MEANING AND SCOPE
In a narrow sense, Euro-Dollars are financial assets and liabilities
denominated in US Dollars but traded in Europe. The US Dollar still
dominates the European money market especially London money
market. But the scope of the Euro-Dollar Market is increased by leaps
and bonds i.e. the Euro dollar transactions are also held in money
markets beyond Europe and in currencies other than US dollar. Thus in a
wider sense Euro-Dollar Market refers to transactions in a currency
deposited outside the country of its issue. Any currency internationally
demanded and supplied and in which the foreign bank is willing to
accept liabilities and assets is eligible to become a Euro currency. As
such dollar deposits with British Commercial Banks is called as Euro
Dollar. Similarly pound sterling deposits with French commercial bank

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/31

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 31 pages?
Access Now
Unformatted Attachment Preview
OBJECTEVES i) To know the origin of Euro-Dollar Market. ii) To know the narrow and broad meaning of the term Euro-Dollar Market iii) To know the benefits of the Euro-Dollar Market iv) To know the effect of Euro-Dollar Market v) To know the short coming of the Euro-Dollar Market. vi) To understand the concept of Currency areas vii) To study the relation between common areas and common currencies viii) To study the role of European Union in International Financial Integration INTRODUCTION The growth of Euro-Dollar Market is one of the significant developments in the international monetary scenario after Second World War. It has caused a profound influence upon the money and capital markets of the world such that the Euro-Dollar Market has become a permanent integral part of the international monetary system. MEANING AND SCOPE In a narrow sense, Euro-Dollars are financial assets and liabilities denominated in US Dollars but traded in Europe. The US Dollar still dominates the European money market especially London money market. But the scope of the Euro-Dollar Market is increased by leaps and bonds i.e. the Euro dollar transactions are also held in money markets beyond Europe and in currencies other than US dollar. Thus in a wider sense Euro-Dollar Market refers to transactions in a currency deposited outside the country of its issue. Any currency internationally demanded and supplied and in which the foreign bank is willing to accept liabilities and assets is el ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
I was stuck on this subject and a friend recommended Studypool. I'm so glad I checked it out!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4