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Organisation of the Market
Practices and Techniques
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abroad additional advantages American banks American borrowing Bank of England Bank rate banking system borrow Euro-dollars borrowing of Euro-dollars British brokers cent Central Banks certificates of deposits Chapter Communist countries deal demand for Euro-dollars deposit rates depositors device discrepancies dollar deposits dollar market dollar rates effect Euro Euro-currency Euro-dollar deposits Euro-dollar market Euro-dollar rates Euro-dollar system Euro-sterling rates exchange control exchange rates expansion extent facilities favour financing foreign trade foreign currency deposits foreign exchange market forward dollars forward exchange forward rates funds holders of dollars increase influences international interest rates issue lenders lending rates lent liable liquid resources loans London banks London branches maturities monetary authorities money market months national interest rates non-resident official operation profit margins re-deposited re-lending realise reduce Regulation Q reserves result selling short-term investment speculation sterling deposits swap Swiss franc tion trend U.S. dollars U.S. Treasury bills United volume of Euro-dollars York