3962, "The Euro-currency Control Act of 1979," in order to "establish reserve requirements on certain Eurocurrency
Secondly, if one ignores offshore deposit risk and assumes an equal cost advantage in acquiring offshore deposits, the difference between Eurocurrency
rates for two different currencies traded within a single Eurocurrency
trading center must logically be explainable by the Fisher effect, i.
The 1990 reserve requirement reduction eliminated reserve requirements on large, nonpersonal time deposits and net eurocurrency
In January 1986, 700 Japanese companies were authorized to issue foreign currency convertible bonds in Europe, while only 80 were authorized to issue unsecured straight Eurocurrency
The reserve requirements on Eurocurrency
liabilities have been zero since 12/27/90 (see Federal Reserve Bulletin, May 1998, p.
16] Also, Eurocurrency
markets provide liquidity without the political and economic restrictions Fund borrowing entails.
This is not surprising since it is the center of world's Eurocurrency
markets and the majority of banks are foreign owned.
The Kb's portfolio holdings are heavily concentrated in long-term investments in international blue-chips, top-quality bonds such as US Treasuries or UK gilts, eurocurrency
deposits and in real estate in Europe and the US.
The positive response of donors to Government policies, the launching of the Eurocurrency
and the weakening of the American economy have all supported this assumption.
Standing Committee, a group of senior central bank officials sponsored by the G-10 governors of central banks, published a report in 1994.
To support this argument, Wriston cites the history of the eurocurrency
The framework for exchange rate co-operation between the eurocurrency
area and other union states is described in Box 2.