Contact Info
-
City:
785416
http://www.linfrtn.com This advantage was further heightened by the fact that Euro-banks did not need to hold large precautionary reserves, because of an efficient inter-bank market. Euro-banks could earn a return on all their deposits, through re-lending. In June 1969, the US government imposed what was effectively a 10% marginal reserve requirement on Euro-dollar borrowings. This was an attempt to reduce the rate of repayments by ensuring that if the US banks did not repay, and subsequently re
Experience
-
Joined APSense.com
Aug 2015