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jwmason.bsky.social
•
43 days ago
This is going straight into my teaching notes.
https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthew-s-levine?cmpid=BBD011625_MONEYSTUFF&utm_medium=email&utm_source=newsletter&utm_term=250116&utm_campaign=moneystuff
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ericarthur2.bsky.social
•
43 days ago
Don’t forget the dollar entries on the balance sheets of unchartered foreign banks.
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jwmason.bsky.social
•
43 days ago
That is in fact the next thing Levine says.
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maxwellbeing.bsky.social
•
42 days ago
He talks about correspondence banking which is not the same thing.
You can have Eurodollar accounts in London, Paris, Beijing, which are not corresponding with newyork.
The OddLots podcast is doing a really interesting series on the history of Eurodollars right now
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jwmason.bsky.social
•
42 days ago
The item I was quoting from is in fact about that very podcast.
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maxwellbeing.bsky.social
•
42 days ago
Nice
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You can have Eurodollar accounts in London, Paris, Beijing, which are not corresponding with newyork.
The OddLots podcast is doing a really interesting series on the history of Eurodollars right now