Multinational_Financial_Management（跨国公司财务管理）ch13_Functions_of_Euromarkets教材教学课件.pptVIP

CHAPTER 13 Functions of Euromarkets I. THE EUROCURRENCY MARKETS THE EUROMARKETS -the most obvious example of the globalization of financial markets A. The Eurocurrency Market 1. Composed of eurobanks who accept/maintain deposits of foreign currency 2. Dominant currency: US$ THE EUROCURRENCY MARKETS B. Growth of Eurodollar Market caused by restrictive US government policies, especially 1. Reserve requirements on deposits 2. Special charges and taxes 3. Required concessionary loan rates 4. Interest rate ceilings 5. Rules which restrict bank competition. THE EUROCURRENC