Machlup, Fritz - In: Banca Nazionale del Lavoro Quarterly Review 23 (1970) 94, pp. 219-260
The article looks at the disparity of views among experts regarding the growth of the “Euro-dollar market”. Contradictory explanations have been offered by various authors on the sources and uses of these funds. On one side of the spectrum is the idea that Euro-dollar deposits are the result...