History of Eurodollars; shadow banking

Part 1: Cold War Origins

At more than $10 trillion outstanding, the eurodollar market is one of the biggest forms of shadow banking activity out there. 

It's also one of the most interesting markets in existence, allowing non-US banks to hold and lend offshore dollars that effectively sit outside of the Federal Reserve's control. 

Bloomberg 14 januari 2025

https://www.bloomberg.com/news/articles/2025-01-14/the-hidden-history-of-eurodollars-part-1-cold-war-origins

Pushing risk from banks into what’s often called shadow banks, hasn’t necessarily made the system as a whole safer, nor has it reduced the Fed’s role in lending support when times get tough.

https://englundmacro.blogspot.com/2023/08/fed-drawn-into-shadows.html

Shadow Banking Jamie Dimon

https://englundmacro.blogspot.com/2024/01/shadow-banking-jamie-dimon.html