Date of Award

7-1962

Degree Type

Master's Essay - Restricted

Degree Name

Master of Business Administration (MBA)

Department

Business Administration

First Advisor

Howard C. Launstein

Abstract

The Eurodollar is the ordinary American dollar, but with a foreign accent. In recent years, and especially since the return to currency convertibility in Europe in 1958, Eurodollars have become an important and integral part of the international financial scene. They take the form of short-term dollar accounts which, for advantages of convenience, yield and speculation, are transferred to banks located outside the United States. The account usually remains based on a non-interest bearing deposit in a u.s. bank, while a foreign financial intermediary receives temporary ownership and control of the dollar funds in return for interest paid to the original holder. The funds are used either for relending to another foreign bank or commer­cial borrower as dollar credits, or, less frequently, for conversion into local currency and reverting to their dollar form upon maturity. The Eurodollar market, which transits national boundaries with all the ease and speed of a tele­phone call, contains, nonetheless, many variations and excep­tions, and is a highly sophisticated system of international finance.

Comments

An Essay Presented to the Faculty of the Graduate School Marquette University In Partial Fulfillment of the Requirements for the Degree Master of Business Administration

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