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THEORETICAL AND EMPIRICAL ANALYSIS OF THE DETERMINANTS OF EURO-DOLLAR GROWTH

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Date Issued:
1985
Summary:
This thesis theoretically and empirically analyzes the determinants of Eurodollar expansion observed in recent years. The Euro-dollar market is first described in terms of its origin, development, geographical distribution and institutional structure and regulation. The size, sources and uses of the market are also illustrated. Alternative views and theories explaining Euro-dollar growth are discussed in detail. A single stock adjustment model is first used to obtain the determinants of Euro-dollar interest rates. Reduced form equations are utilized to determine the factors for the equilibrium quantity of Euro-dollar deposits and equilibrium Euro-dollar interest rate. Finally, the proportion of Euro-dollar growth attributed to a multiplier expansion process as opposed to primary deposits is empirically estimated for the time period 1973 - 1981. Almon and Koyck lag structures are utilized to calculate the multiplier process associated with Eurodollar expansion during this period.
Title: A THEORETICAL AND EMPIRICAL ANALYSIS OF THE DETERMINANTS OF EURO-DOLLAR GROWTH.
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Name(s): KUTAN, ALI MUSTAFA.
Florida Atlantic University, Degree grantor
Manage, Neela D., Thesis advisor
College of Business
Department of Economics
Type of Resource: text
Genre: Electronic Thesis Or Dissertation
Issuance: monographic
Date Issued: 1985
Publisher: Florida Atlantic University
Place of Publication: Boca Raton, Fla.
Physical Form: application/pdf
Extent: 86 p.
Language(s): English
Summary: This thesis theoretically and empirically analyzes the determinants of Eurodollar expansion observed in recent years. The Euro-dollar market is first described in terms of its origin, development, geographical distribution and institutional structure and regulation. The size, sources and uses of the market are also illustrated. Alternative views and theories explaining Euro-dollar growth are discussed in detail. A single stock adjustment model is first used to obtain the determinants of Euro-dollar interest rates. Reduced form equations are utilized to determine the factors for the equilibrium quantity of Euro-dollar deposits and equilibrium Euro-dollar interest rate. Finally, the proportion of Euro-dollar growth attributed to a multiplier expansion process as opposed to primary deposits is empirically estimated for the time period 1973 - 1981. Almon and Koyck lag structures are utilized to calculate the multiplier process associated with Eurodollar expansion during this period.
Identifier: 14273 (digitool), FADT14273 (IID), fau:11082 (fedora)
Collection: FAU Electronic Theses and Dissertations Collection
Note(s): College of Business
Thesis (M.A.)--Florida Atlantic University, 1985.
Subject(s): Euro-dollar market--Analysis
Held by: Florida Atlantic University Libraries
Persistent Link to This Record: http://purl.flvc.org/fcla/dt/14273
Sublocation: Digital Library
Use and Reproduction: Copyright © is held by the author, with permission granted to Florida Atlantic University to digitize, archive and distribute this item for non-profit research and educational purposes. Any reuse of this item in excess of fair use or other copyright exemptions requires permission of the copyright holder.
Use and Reproduction: http://rightsstatements.org/vocab/InC/1.0/
Host Institution: FAU
Is Part of Series: Florida Atlantic University Digital Library Collections.