Abstract

In Chapters 1 and 2 reference has been made to the size of the Euro-currency market without very much analysis of the underlying statistics. The incorrect interpretation of Euro-currency data is a source of considerable confusion about the market’s economic implications. We therefore now examine two sets of Euro-currency data: the international banking statistics compiled by the Bank for International Settlements in Basle (section 3.1) and Bank of England data on the maturity structure of London banks’ foreign currency assets and liabilities (section 3.2).

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