Skip to main content

Abstract

The Eurocurrency market is fundamentally an interbank market. Interbank liabilities constitute from two-thirds to three-quarters of the aggregate liabilities of Eurobanks.1 About one thousand banks from more than fifty countries are active in the market (Group of Thirty 1982a, p. 16).

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Ellis, John G., ‘Eurobanks and the interbank market’, Bank of England Quarterly Bulletin, September 1981, pp. 351–64.

    Google Scholar 

  • Giddy, Ian H., ‘Eurocurrency Arbitrage’, mimeographed, January 1983.

    Google Scholar 

  • Giddy, Ian H., ‘Risk and Return in the Eurocurrency Interbank Market’, Greek Economic Review, August 1981, pp. 158–86.

    Google Scholar 

  • Group of Thirty, Risks in International Bank Lending, New York, 1982a.

    Google Scholar 

  • Group of Thirty, How Bankers See the World Financial Market, New York, 1982b.

    Google Scholar 

  • Guttentag, Jack and Richard J. Herring, ‘A Framework for the Analysis of Financial Disorder’, in Economic Activity and Finance, Ballinger, 1981.

    Google Scholar 

  • Herring, Richard J. and Richard C. Marston, ‘The Forward Market and Interest Rate Determination’, in Eurocurrencies and National Financial Policies, American Enterprise Institute, 1976.

    Google Scholar 

  • Kreicher, Lawrence, ‘Eurodollar Arbitrage’, Federal Reserve Bank of New York Quarterly Review, Summer 1982, pp. 10–22.

    Google Scholar 

  • Mayer, Helmut, ‘The B.I.S. concept of the Eurocurrency market’, Euromoney, May 1976, pp. 60–6.

    Google Scholar 

  • McKinnon, Ronald I., ‘The Eurocurrency Market’, Essays in International Finance, No. 125, Princeton, December 1977.

    Google Scholar 

  • Morgan Guaranty Trust Co., World Financial Markets December 1982.

    Google Scholar 

  • Niehans, Jurg and John Hewson, ‘The Eurodollar Market and Monetary Theory’, Journal of Money, Credit and Banking, February 1976, pp. 1–27.

    Google Scholar 

  • SEC Staff, Citicorp Report mimeographed, released September 1982.

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Copyright information

© 1985 International Banking Center, Florida International University

About this chapter

Cite this chapter

Herring, R.J. (1985). The Interbank Market. In: Savona, P., Sutija, G. (eds) Eurodollars and International Banking. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07120-3_4

Download citation

Publish with us

Policies and ethics