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Noer Azam Achsani

Noer Azam Achsani. The Eurocurrency Market and International Banking. Moosa (2004). The Eurocurrency Market. The market is comprised of banks that accept short-term deposits and make short-term loans in currencies other than that of the country in which they are located . Eurocurrency

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Noer Azam Achsani

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  1. Noer Azam Achsani The Eurocurrency Market and International Banking Moosa (2004)

  2. The Eurocurrency Market • The market is comprised of banks that accept short-term deposits and make short-term loans in currencies other than that of the country in which they are located. • Eurocurrency • US dollar • Euro • Japanese yen • British pound • Swiss franc

  3. Eurocurrency Centres Prerequisites • Political stability • Favourable environment for international finance • Good telecommunications system • Favourable time zone • High quality of life • Important centres • European centres: London, Luxembourg, Paris, Zurich and Frankfurt • Centres outside developed countries: the Bahamas, Bahrain and Hong Kong • North America and Japan: International Banking Facilities (IBFs) and the Japan Offshore Market (JOM)

  4. Evolution and Growth • The market started in the 1950s. • In 1957, the Bank of England introduced tight controls. • In 1958, European currencies were made convertible. • The rise of oil prices in the 1970s • Efficiency

  5. Untukmelihat file lengkapnyasilahkanmenghubungikamidiwww.mb.ipb.ac.id

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