Euro Currency Markets . Describe your selected topic, how it is used in global financing operations, and its importance in managing risks. Use at least three sources.© BrainMass Inc. brainmass.com March 4, 2021, 8:03 pm ad1c9bdddf
Eurocurrency is The money market in which Eurocurrency, ie, currency held in banks outside of the country where it is legal tender, is borrowed and lent by banks in Europe.
The Eurocurrency market allows for more convenient borrowing, which improves the international flow of capital for trade between countries and companies. For example, a Japanese company borrowing U.S. dollars from a bank in France is using the Eurocurrency market.
Features of Euro currency market:
The following are the special features of the Eurocurrency market :
1. Transactions are the special currency take place outside the country of its issue.
2. Even though the currency is utilized outside the country of its origin, it has to be held only in ...
How does the Euro used in global financing operations, and its importance in managing risks.