An article on the web site of the Financial Times describes Eurodollars as dollars which somehow escaped

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An article on the web site of the Financial Times describes Eurodollars as “dollars which somehow escaped the US system.” Briefly explain what the author means.

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Money, Banking, and the Financial System

ISBN: 978-0134524061

3rd edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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Question Posted: Jan 03, 2019 08:22 AM

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An article on the web site of the Financial Times describes Eurodollars as dollars which somehow escaped

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Eurodollars are dollar deposits in banks outside the United States In other wo...View the full answer

Money, Banking, and the Financial System

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