Eurocurrency Market 欧洲货币市场

欧洲货币市场的发展
范围与资金规模不 断增大 停止美国企业汇出 美元到国外投资 欧洲实行各国货币 自由兑换 欧洲美元的产生及其 市场发展
70 年代以后
1968 年
1958年
ቤተ መጻሕፍቲ ባይዱ
1957年
欧洲美元的产生及其市场发展
Eurocurrency Market has sprung up since the late 1950s.The Soviet Union was acquiring dollars in its foreign transations.With the Cold War in full force,the Soviet Union feared that the U.S. government might block any deposits that they made in U.S. bnaks ,so they began to deposit dollars in European bank In the late 1950s,the British government restricted the ability of British banks to lend pounds to foreigners, but permitted them to lend dollars to foreigners.)
欧洲货币
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名词解释
1 2 3 4 欧洲货币(Eurocurrency) 欧洲货币 欧洲货币存款 （Eurocurrency deposit ） 欧洲美元 (Eurodollar ） 欧洲货币市场 （Eurocurrency Market）
欧洲货币(Eurocurrency) 欧洲货币 欧洲货币指由货币发行国境外银行体系所创造的 该种货币存贷款业务。 该种货币存贷款业务。 Currency deposited by companies and federal governments in banks outside their own country, usually currency of a nonEuropean country deposited in Europe.
欧洲实行各国货币自由兑换
Eurocurrency market are the standard regulations imposed on domestic banking activities.Counties that wish to attract Eurocurrency deposit activity generally do not impose reserve requirements on these deposits,or deposit insurance premiums, and the lighten or eliminate other regulations as well.
LOGO
欧洲货币市场 （(The market for ） 欧洲货币市场是指非居民间以银行为中介在某种 货币发行国国境之外从事该种货币借贷的市场， 货币发行国国境之外从事该种货币借贷的市场 ， 又可以称为离岸金融市场。 又可以称为离岸金融市场。 (The market for investments denominated in currencies other than the one in which the investment is traded.)
停止美国企业汇出美元到国外投资
In the 1960s ,the U.S, government attempted to restrict capital outflows.Borrowers turned to the Eurodollar market to obtain dollars that they could no longer borrow from the United States
范围与资金规模不断增大
In the 1970s,Arab countries earning dollars on oil exports also feared possible restrictions if they placed their dollars on deposit in the United States,and turned to Eurodollar deposits In fact,the prefix Euro has now come to be used in internetional finance to refer not to geographic location but rather to financial instruments or activities that are subject to little or no government regulation.
欧洲美元 (Eurodollar ） 欧洲美元:存放在美国境外的各国银行、 欧洲美元 存放在美国境外的各国银行、主要是欧 存放在美国境外的各国银行 洲和美国银行欧洲分行的美元存款， 洲和美国银行欧洲分行的美元存款，或是从这些 银行借到的美元贷款。 银行借到的美元贷款。 (Eurodollar deposits are dollar deposits that are not subject to the same regulations imposed by the U.S. banking authorities on regular sollar deplsits)
欧洲货币市场的特点
Freedom Have large time capital Flexible,Simple Special rate system Worldwide wholesale momey market
Character
欧洲货币市场的不稳定性 （1）经营欧洲货币业务的银行风险增大。 ）经营欧洲货币业务的银行风险增大。 Increase risk （2）影响各国金融政策的实施。Influence ）影响各国金融政策的实施。 financial policies of countries （3）加剧外汇证券市场的动荡。Increase ）加剧外汇证券市场的动荡。 turbulence （4）加剧资本主义国家的通货膨胀，promote ）加剧资本主义国家的通货膨胀， inflation
欧洲货币存款 （Eurocurrency deposit ） 欧洲货币存款是指处在存款货币发行国政府的管 制之外的、 制之外的 、 以银行所在国货币之外的货币存入的 银行存款。 银行存款。 Eurocurrency deposit is a bank deposit that is not subject to the usual government regulations imposed by the country of the currency in which the deposit is denominated