short-term Eurocredit market
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short-term Eurocredit market by Arie Melnik

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Published by New York University Salomon Center in New York .
Written in English


  • Securities -- Europe.,
  • Banks and banking, International.

Book details:

Edition Notes

Statementby Arie L. Melnik, Steven E. Plaut.
SeriesMonograph series in finance and economics -- monograph 1991-1., Monograph series in finance and economics -- monograph 1991-1.
ContributionsPlaut, Steven E., Leonard N. Stern School of Business., Salomon Brothers Center for the Study of Financial Institutions.
The Physical Object
Pagination71 p. ;
Number of Pages71
ID Numbers
Open LibraryOL15170291M

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Eurocurrency market or Eurobond market a MARKET based in Europe, comprising a web of international banks and money brokers, which is engaged in the borrowing and lending of FOREIGN CURRENCIES such as US dollars outside their countries of origin, as a means of financing trade and investment transactions.. The main instrument used in the Eurocurrency market to finance long-term investment . Eurocurrency market: The market where financial banking institutions provide banking services denominated in foreign currencies. They may accept deposits and provide loans. Unlike Eurocredit markets, however, loans in this market are made short-term. LIBOR is: a. the interest rate commonly charged for loans between banks. b. the average inflation rate in European countries. c. the maximum loan rate ceiling on loans in the international money market. Short-Term Credit a credit used in the process of production and distribution for the circulation of working capital (under capitalism) or of circulating assets (under socialism). Such credit is usually granted for a period of up to one year. Under capitalism. In the capitalist nations, short-term credit is employed in two forms: commercial credit.

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