Global Financial Stability

FIN 366

Global Financial Stability

Introduction

Eurocurrency is one of the many important financial instruments of the global financial market. The purpose of Eurocurrency is to allow for the most convenient financial services with the least cost associated. Below we will discuss how Eurocurrency has helped the U.S. Banking industry grow and thrive abroad. Eurocurrency has not just aided in the growth of the U.S. Banking industry but it also aides in the interdependence within financial markets, economies, and to the financial stability on a global level.

Definition and Operation of Eurocurrency Markets

Eurocurrency in short is any currency deposited in another foreign countries bank. An example of this would be if an American bank deposited...