The Hidden History of Eurodollars, Part 3: Spinning Out of Control
Odd Lots
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The Eurodollar Evolution: Lessons from the 1970s
This chapter explores the transformative changes in the Eurodollar market following World War II, especially during the economic upheavals of the 1970s. It examines significant moments like Nixon's abandonment of the gold standard and the resulting shift toward a floating exchange rate system. The discussion highlights the challenges faced by central banks and policymakers amid shifting financial dynamics and geopolitical tensions, emphasizing the ongoing relevance of these historical developments.
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