教学课件 国际金融（英文版）（第二版）刘园.ppt

Chapter10 International Banking and the Eurocurrency Market 10.1 The Eurocurrency Market Market characteristics A Eurocurrency is any freely convertible currency, such as a dollar or a pound, deposited in a bank outside its country of origin. Origins and development Eurocurrency interest rates Eurocurrency rates are closely related to the rates in the currency’s home market but, because of lower costs, spreads are lower. Quotes and spreads 10.2 International funds transfer and credit expansion through the Eurocurrency system Money expansion through the Eurocurrency markets Transaction