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14min chapter
The Hidden History of Eurodollars, Part 2: Defending the Dollar System
Odd Lots
The Dollar Dilemma: Kennedy's Monetary Tensions
This chapter explores the intricate dynamics of monetary policy during Kennedy's presidency, particularly the stability of the dollar amid internal and external pressures. It highlights key figures like Douglas Dillon and Walter Heller, showcasing the clash between traditional fiscal stability and innovative economic approaches. The emergence of the eurodollar market is framed as a crucial development in sustaining the global dollar system while addressing liquidity challenges.
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