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Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)
The "What is Money?" Show
Interbank Liabilities
A network of inter bank liabilities, as you call it. So this is just a interconnected ledger entries, essentially, right? And is it? Clearly, this is a very complex domain. But is it that simple that these banks take in reserves of whatever currency, and then they just re denominate it in dollars for their counterpart? Is is that how they created these dollar derivatives? Yet, it's all about their own balance sheet factors.
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