Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)
The "What is Money?" Show
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Regulation
Regulation b was sort of just a lingering hold over from the past way of looking and even doing no fractional reserve lending, because the uro dollar system was essentially reserve less. It really only imposed a certain certain liability in the narrow set of circumstances that banks had to adhere to. By the time authorities caught up with it, it was too big to do anything about reles. So wel just scrapped a regulatory requirement. Now, they brought it back a little bit later in the seventies, but, you know, it wasn't around for very long."
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