8 ms·
It's described in the paper, but the eurodollar is the incentive behind it all. https://en.wikipedia.org/wiki/Eurodollar https://en.wikipedia.org/wiki/Eurodoll
by thehumanmeat 4y ago
It's described in the paper, but the eurodollar is the incentive behind it all.
https://en.wikipedia.org/wiki/Eurodollar https://en.wikipedia.org/wiki/Eurodollar
- walterbell 4y agoWhat do you think of Tom Luongo's thesis on dollar/SOFR vs. eurodollar/LIBOR? https://tomluongo.me/2023/03/21/fdic-insurance-credit-suisse-day-fed-killed-europ/ https://tomluongo.me/2023/03/21/fdic-insurance-credit-suisse... & https://www.patreon.com/posts/79871723 https://www.patreon.com/posts/79871723 > On two major fronts, limited insurance for bank deposits and terminally impaired capital structures for European banks, the Fed just positioned the US to be the recipient of major capital inflows as all of the interest rate and credit risk is transferred back to Europe.