Eurodollar
1
6.7
- noun
- /ˈjʊəroʊˌdɑːlər/
- Specialized
- By August 1971, many of the European countries had collected so many billions in Eurodollars (foreign aid, money spent by the U.S. military abroad, etc.) that European banks had begun to get nervous about redeeming their money in gold.
Examples
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This differential has proven to be a decisive element in transferring the Eurodollar surpluses from Japan and Germany, acquired by them during the Vietnam War, via the Gulf to American banks and the U.S. Treasury.
Academic text (1993) -
Of course, this will also force the Fed to extend its ZIRP language by an appropriate amount of time, through 2017, then 2019, and so on (which also means all bets that the Fed will hike any time in the next 5 years will be immediately null and void, and one can position accordingly in the Eurodollar space).
Blog text (25) -
The Eurodollar should stay strong for a couple of months, though.
Fiction book (1998) -
Buy me 20 June Eurodollar CDs, 20 March Gold... and sell 10 September deutsche marks.
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It involves plays of Eurodollars against oil shipments.
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The real cost of external loans declined and remained low as multinational banking practices spread rapidly and as the Eurodollar market underwent unprecedented growth.
Academic text (1992) -
Many companies turn to Eurodollars for their international trade financing needs.
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The value of Eurodollars is closely monitored by economists around the world.
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Investors often prefer Eurodollars due to their stability in global markets.
Surface Forms
Morphology
Etymology
Eurodollar is a simple combination: Euro- means 'in Europe' and dollar means 'US money'. So a Eurodollar is a United States dollar kept in a bank outside the United States, often in Europe, and used for international finance.