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Podcast: Bharatvaarta
Episode: Quo Vadis, Eurodollar System? - Jeffrey P. Snider, Emil Kalinowski, Velina Tchakarova
Description: Eurodollars are time deposits denominated in U.S. dollars at banks  outside the United States, and thus are not under the jurisdiction of  the Federal Reserve. Consequently, such deposits are subject to much  less regulation than similar deposits within the U.S. The term was  originally coined for U.S. dollars in European banks, but it expanded  over the years to its present definition. A U.S. dollar-denominated  deposit in Tokyo or Beijing would be likewise deemed a Eurodollar  deposit (sometimes an Asiadollar). There is no connection with the euro  currency or the eurozone. The offshore locations of Eurodollar make it...