Offshore Dollar and US Policy

[Joe Leote]

Forty page paper describes how Fed acted to stabilize large offshore dollar markets in 2008 and 2020:

02--offshore-dollar-and-us-policy.pdf

Joe

[William Meyer]

Good old eurodollar - a lot of neat discussion on this over the years here.  Interestingly on Twitter these days, people seem to get mocked just for bringing up eurdollar when discussing financial plumbing.  Dodd Frank did make it less attractive to banks which is what led to repo taking over (eurdollar lending is unsecured by contrast).  

Eurodollars - still important or fallen into sleepy irrelevance ?

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[Joe Leote]

On the aggregate commercial bank balance sheet for domestic US banks there would be net repo liabilities and eurodollar liabilities. FRED data might have charts for the relative size of each financial float. Also in the international financial float there are US treasury repo, and perhaps other US instrument backed repo, and there is a daisy-chain of US dollar loans made by offshore banks which I think clear payment via the eurodollar liabilities of US banks. It is not clear to me that repo have displaced or reduced eurodollar markets but I may do some further keyword research to turn up theories.

Joe

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[Joe Leote]

Selected deposits have displaced eurodollars according to this article:

Who Is Borrowing and Lending in the Eurodollar and Selected Deposit Markets? - Liberty Street Economics

Joe

On Sun, Sep 28, 2025 at 3:53 PM William Meyer <meye...@gmail.com> wrote:

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